In the early hours of Monday, the price of Bitcoin fell sharply after holding above $60,000 over the weekend. The reason for this new collapse of the largest Cryptocurrency was an alleged attempt to assassinate candidate Donald Trump.
According to the FBI, cited by NYT, security forces spotted a suspect hiding in trees near Trump’s location. The former president was on a golf course at a club in West Palm Beach (Florida). This would be a new “apparent assassination attempt”, as described by the FBI, against the tycoon in two months. This occurs two months after the events in Pennsylvania during a campaign rally.
Upon identifying a hidden subject, the officers opened fire on him, causing him to flee the scene. The suspect was later captured while escaping and identified himself as Ryan Wesley Routh (58 years old). The suspect was part of a project that sought to bring mercenaries from different countries to Ukraine.
Palm Beach Sheriff Ric Bradshaw said that when he was discovered, the suspect fled the scene, leaving behind an AK-47 style assault rifle. He also left behind other belongings such as a camera and a scope. It is not yet known if the suspect was injured. The incident occurred on Sunday at 1:00 p.m. Eastern Time. Some journalists such as Jimmy Dore say that the suspect is a fanatic with childish ideas of good versus evil regarding the war in Ukraine.
pic.twitter.com/0w5Dz1HFgF
This is Donald Trump assassination attempt suspect Ryan Wesley Routh, he was interviewed by Newsweek Romania in 2022.
He’s a zealot for Ukraine war because he’s been fully propagandized by corporate media to support the war.
He has ZERO idea what the…
— Jimmy Dore (@jimmy_dore) September 15, 2024
Bitcoin price reacts downwards after attempted attack
Following the news of the incident, the price of Bitcoin reacted negatively and fell back in the early hours of Monday. The largest cryptocurrency was above $60,000 per unit for most of the weekend thanks to the enthusiasm related to the FOMC meeting.
At the time of writing, BTC has a 24-hour yield of -2.17% and its exchange value is $58,690 per coin. Despite this price shock, everything indicates that it will be brief, given that the incident did not escalate.
Bitcoin price reacts negatively after news of alleged assassination attempt against Trump. Source: CoinMarketCap
As such, investors are likely to resume buying on Monday and the price of the coin is likely to rise. There is a strong positive sentiment in the short term thanks to a possible 0.5% rate cut by the Federal Reserve. That possibility led BTC and stocks to start an uptrend that could increase if the interest rate cut is confirmed on Wednesday.
Either way, the fact that the Bitcoin price is falling due to the attack is a sign of Trump’s influence. The tycoon is currently the main hope of crypto investors. In that sense, everything that happens with Trump in the coming weeks will have a direct impact on the token.
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