Donald Trump Threatened to be Assassinated Again, Bitcoin Price Falls

Bittime - Former US President Donald Trump is facing a second assassination attempt that has shocked the world. This incident impacted the crypto market, causing Bitcoin prices to plummet. Check out the complete analysis here.

When Donald Trump returned to the spotlight due to an assassination attempt targeting him, the crypto market was shaken. This event brought a significant drop in Bitcoin prices, triggering a wave of liquidations in the market.

On September 15, 2024, the former President of the United States, Donald Trump, again faced the threat of governmentunuhan. This time, the incident occurred at his golf course in West Palm Beach, Florida. Even though Trump was unharmed, this assassination attempt rocked the political world and sent shockwaves through the crypto market, especially prices Bitcoin which mengalexperienced a sharp decline.

The suspect, 58-year-old Ryan Wesley Routh, attempted to attack Trump with an AK-47 style rifle. Luckily, the Secret Service acted quickly by securing the location and opening fire which forced the suspect to flee. Thanks to the alertness of the witness who managed to record the suspect's car license plate number, police immediately arrested him on Interstate 95.

Also read: Weekly Crypto News 9-14 September 2024: August CPI Released and Its Impact on Policy

Direct Impact on the Bitcoin Market

News about the assassination attempt on Trump is not only a big political issue, but also has a direct impact on hima crypto market, in particular Bitcoin price. In a short time after the news spread, Bitcoin price fell about 3%, from $60,313 to $58,627. This drop triggered a wave of liquidations worth $116.52 million, with most of it coming from long-term trading.

This sudden drop in Bitcoin prices is considered a market response to political uncertainty and a potential long-term impact on economic policy, especially because Donald Trump has a significant influence on the crypto community. 

As a Republican presidential candidate, Trump has shown a proactive attitude towards making the United States a global cryptocurrency hubbal. Many crypto investors hope that Trump's leadership will bring more favorable regulations to the development of crypto in America.

Reactions of Governments and World Leaders

This incident is being treated seriously by the authorities, di where the FBI stated it as attempted murder against the former president. Homeland Security Secretary Alejandro Mayorkas praised the Secret Service for their quick actions that prevented a major tragedy. "Protecting presidential candidates remains a top priority," Mayorkas said in a statementannya.

Political leaders from across the spectrum also voiced their concern over this incident. President Joe Biden and Vice President Kamala Harris quickly condemned the violence. Harris emphasized that this kind of violence has no place in America. Both also expressed relief that Donald Trump survived the assassination attempt.

Long-Term Effects on Crypto Markets

Althougheven Bitcoin price experienced a decline after this incident, many analysts believe that the impact is temporary. However, this incident shows how sensitive the crypto market is to political uncertainty. As long as sirIn times like these, investors often sell risky assets such as Bitcoin, which causes market volatility to increase.

Additionally, with Trump openly supporting the development of blockchain and crypto technology, threats to his life could make the crypto community wary of possible policy changes, especially if Trump can no longer play an active role in advancing the digital currency ecosystem in the United States.

Conclusion

The second assassination attempt on Donald Trump not only rocked the political world, but also had a major impact pThere is Bitcoin price and the crypto market in general. The political uncertainty arising from this incident shows how fragile the fit isar crypto to big news involving influential figures like Trump.

While Bitcoin's price will likely recover over time, this incident is a reminder that global political events can have a significant impact on the value of digital assets. Crypto market players must continue to monitor political developments, especially those involving figures who have a large influence on future digital currency regulations and policies.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.