Bitcoin hits $60,000 as Trump shooting boosts re-election odds

Trump’s chances of becoming president again increased after today’s developments, according to PredictIt data. Images of a defiant Trump — with his fist raised over his head and his bloody right ear, and the American flag waving in the background — are blazing across social media and television after the attack.

BITCOIN CHART

President Joe Biden said he is glad Trump is safe and condemned the violence.

Markets are likely to respond with higher volatility, and could repeat the trades employed when last month’s debate played out favorably to Trump. In that case, the US dollar gained and Treasury yields climbed.

Bitcoin rose as much as 2.7% to $60,160.71 as of 1:05 a.m. in New York. The most-traded token had stabilized in recent days on optimism that ETFs from titans including BlackRock Inc. and Fidelity Investments offer the type of bedrock demand that can temper price swings.

Source: Forex-Markets-Economic Times