Trump's Resilience Towards the Crypto Community Deepens the Political Divide in the Nation

The recent assassination attempt on former President Donald Trump on the 14th of July during a political rally in Butler, Pennsylvania, has further deepened the political divide in the nation.

The recent assassination attempt on former President Donald Trump at a political rally in Butler, Pennsylvania, on July 14 has had a significant impact on the political landscape and the crypto community.

Despite the severity of the event, Trump's resilience and decision to attend the upcoming Bitcoin Conference in Nashville, Tennessee, have drawn attention.

One of the event's organizers, David Bailey, who is also the CEO of Bitcoin Magazine, confirmed Trump's status on X, writing:

"I have just spoken with the President’s team. He is in good spirits and is excited to see you all in Nashville and deliver a speech that is heard around the world."

The organizers shared this update.

The assassination attempt and Trump's subsequent actions have had an unexpected effect on the crypto market.

According to Reuters, Bitcoin (BTC) price surged to a two-week high on July 15, a day after the attempted assassination of former President Donald Trump.

At the last glance, BTC was trading at $63,650, up 1.20%. The Relative Strength Index (RSI) confirmed this bullish momentum, standing at 57.8, indicating strong buying pressure.

Interestingly, Bitcoin's bullish reversal occurred on July 14, the day of the assassination attempt.

This development is likely linked to Trump's well-known pro-crypto stance, which may be boosting his chances in the upcoming election.

"He's certainly positioned himself as pro-crypto and as the odds of his reelection were galvanised by the shooting on the weekend, it's certainly put a big boost underneath the bid in crypto markets and bitcoin, obviously, just an absolute standout," said Tony Sycamore, a market analyst at IG.

This trend is further supported by the prediction market data from Polymarket, which shows Trump leading the race with 71% of the vote, compared to President Joe Biden's 17%.

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