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Sujit Kumar
Sep 16, 2024
by Sujit Kumar

Second Assassination Attempt on Trump Sends Bitcoin into a Plunge

Second Assassination Attempt on Trump

Table of contents

  1. Impact on Bitcoin Market
  2. Authorities and Leaders React
Former President Donald Trump faced his second assassination attempt on September 15 while playing golf at his West Palm Beach course. The assailant, armed with an AK-47-style rifle, was spotted by Secret Service agents hiding in the bushes. After opening fire on the suspect, he fled the scene in a black SUV, leaving behind two backpacks, a GoPro camera, and the rifle. The suspect, identified as 58-year-old Ryan Wesley Routh, was later apprehended on Interstate 95 after a quick-thinking witness captured his vehicle's license plate. Trump was unharmed in the incident, but the event sent ripples across both political and financial landscapes.

Impact on Bitcoin Market

The news of the assassination attempt not only shocked the political world but also affected the cryptocurrency market. Bitcoin (BTC) experienced a 3% drop, falling from $60,313 to $58,627 following the news. This sharp decline triggered liquidations worth $116.52 million, with $106.52 million stemming from long trades. In the past 24 hours, market volatility spiked, leading to the liquidation of 49,351 traders. Trump's pro-crypto stance and his vision of making the U.S. a cryptocurrency hub contributed to the market's reaction, as many investors worry about the potential fallout of such incidents.

Authorities and Leaders React

The FBI is investigating the incident as an attempted assassination. Homeland Security Secretary Alejandro Mayorkas commended the Secret Service for their swift action in preventing a major tragedy. President Joe Biden and Vice President Kamala Harris expressed relief that Trump was unharmed, and leaders from across the political spectrum condemned the violence, calling for peace in political discourse.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Second Assassination Attempt on Trump
Second Assassination Attempt on Trump Sends Bitcoin into a Plunge
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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