Bitcoin rises to $63,000 after Trump attack; Altcoins jump up to 6%
Cryptocurrency markets traded higher on Monday, led by Bitcoin, after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.
Trump was shot in the ear during the attack at a rally in Pennsylvania on Saturday. His campaign said he was doing well. Some investors believe the attack bolstered his chances of winning back the White House, and trades betting on his victory are expected to increase this week.
At 12:10 pm, Bitcoin was trading 4.7% higher at $63,000. Ether was also up 4.9% at $3,350.
Trump is running against Democratic President Joe Biden in November's U.S. election and has slammed Democrats' attempts to regulate the crypto sector. 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.
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