Bitcoin soars to nearly $63K after crypto-backer Trump survives assassination attempt

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Bitcoin soars to nearly $63K after crypto-backer Trump survives assassination attempt
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Trump presented himself as a champion for cryptocurrency during a San Francisco fundraiser in June, although he hasn’t offered specifics on his proposed crypto policy.

Trump said he was shot in the ear during the attack at a rally in Pennsylvania on Saturday. His campaign said he was doing well. Some investors said the attack bolstered his chances of winning back the White House and trades betting on his victory are expected to increase this week.

Bitcoin rose 8.6% to $62,508, touching a two-week high of $62,698 earlier in the session, taking its year-to-date gains to 47%.Trump is running against Democratic President Biden in November’s election and has slammed Democrats’ attempts to regulate the crypto sector.

Trump is due to speak at the Bitcoin 2024 conference in Nashville, Tenn., on July 27, the organizers of the conference said last week.

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