Bitcoin Surges Amid Trump Attack, Drives Altcoin Rally

Donald Trump, former US president and presidential candidate, was shot in an attempted assassination during a campaign rally in Pennsylvania

Bitcoin price has surged by over 15% since the attempted assassination of former US president Donald Trump on July 13. This news comes as a surprise to many, especially considering that Bitcoin has been largely affected by the macroeconomic downturn and regulatory pressures in recent months. However, Trump’s attack seems to have had a positive impact on the crypto industry.

Bitcoin Surges Amid Trump Attack, Drives Altcoin Rally

According to recent reports, Donald Trump was shot in an attempted assassination during a campaign rally in Pennsylvania on July 13. This news led to a 9% surge in Bitcoin price, which has now registered over 15% gains since then. Recent on-chain metrics also showed that trades betting on his victory rose significantly this week, and the altcoin market is registering a short-term price rally.

Donald Trump’s attack has had a positive effect on the crypto market because of his strong advocacy for Bitcoin, which he has been accepting as campaign donations. This strategy has garnered millions of supporters and potential voters for Trump and experts say the attack raised his chances of winning back the presidency.

This could mean a higher global adoption of Bitcoin and other cryptocurrencies as Trump had vowed to “end Joe Biden’s war on Crypto” once made president. Let’s take a look at how Bitcoin’s price movements have impacted XRP and other altcoins.

Ripple To Resume Bullish Trajectory After Price Correction

While Bitcoin price movements have been impacting the broader altcoin market in recent weeks, some tokens like XRP have shown resilience and are now poised for another bullish wave. XRP price recently surged by over 60% from its yearly lows, outpacing 91% of the top 100 cryptocurrencies YTD.

After XRP plummeted to lows of $0.38 on July 5, XRP price began showing signs of recovery as Bitcoin price stabilized above $30,000. This catalyzed a bullish wave in the altcoin market, pushing XRP past key resistance levels.

Now trading at $0.61, XRP is 62% up from its yearly low. Other catalysts to the XRP surge have been recent news making rounds that Ripple may be nearing a settlement with the US SEC and Uphold’s US President, Nancy Beaton’s advocacy for XRP at the just concluded XRP Ledger Apex 2024 event.

Despite these recent gains, the price of XRP is still 84% below its all-time high and has been outpaced by 91% of the top 100 cryptocurrencies over the past year. Although its market sentiment is still bullish, crypto analysts forecast that XRP may witness a short correctional decline before resuming its bullish trajectory.

Play With Big Guns On Rollblock’s Presale

The GambleFi ecosystem has benefited more from Donald Trump’s recent attack, given that it is an ecosystem that is widely accepted by the global political class. One project that has tactically positioned itself to attract these notable investors is Rollblock, which is offering them over 200x gains in its ongoing public presale.

However, Rollblock has democratized access to these gains by firstly democratizing access to its crypto casino. Traders and investors from diverse backgrounds can play over 150 games on the casino with top politicians and other big investors by simply holding RBLK tokens– which also serve as a reward system on the online casino.

Moreover, RBLK tokens can be gotten at a floor price of $0.017 at Rollblock’s ongoing presale stage 4. Many market analysts speculate that the tokens can witness a 200x growth to trade up to $0.3 at their official market launch. This seems likely plausible given Rollblock’s excellent tokenomics, buyback, and burn strategies. It’ll be a shame to miss out on these gains!

In conclusion, while other altcoins including XRP plummeted to their yearly lows following Bitcoin’s sharp price crash earlier this year, RBLK had maintained stability. It has attracted thousands in capital inflows into its presale. RBLK’s status as a top GambleFi token has also helped it gain massive traction with the potential of a 200x surge soon!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

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