The reaction of the crypto market after Mr. Donald Trump was "unsuccessfully assassinated"

Trump's support rate and the price of memecoins related to the former President are skyrocketing after the failed assassination attempt on the morning of July 14.

The most interesting information in recent hours is that former US President Donald Trump overcame an assassination attempt in the early morning of July 14 (Vietnam time).

Specifically, while attending a campaign rally in Pennsylvania, Mr. Trump was shot by an unidentified gunman, but the bullet went through his ear and did not threaten the former President's life. Mr. Trump was later evacuated by the US Secret Service.

HOLY SHIT

DONALD TRUMP JUST GOT SHOT! pic.twitter.com/vyzbZrNb5W— Russell Brand (@rustyrockets) July 13, 2024

According to local news agencies, the gunman was quickly killed by US officials, but the attack left one person dead and another seriously injured.

US President Joe Biden quickly condemned the assassination, said he felt relieved to know that Mr. Trump was still safe and thanked the US Secret Service for its quick response. Mr. Biden declared that there is no place in America for this form of violence and called on the American people to unite.

BIDEN STATEMENT pic.twitter.com/w0HtDvUPfE— Jacqui Heinrich (@JacquiHeinrich) July 13, 2024

Meanwhile, social network X (Twitter) is exploding with all the live reports from the attack. Video recording of the incident shows that Mr. Trump was speaking normally when he suddenly collapsed after a strange noise. After being shielded by the US Secret Service, the billionaire stood up and raised his fist amid cheers from his supporters, but blood could be seen pouring from his ears.

Photo by New York Times photographer Doug Mills shows bullet flying just behind Trump's head. pic.twitter.com/0ncIBC0i1v— The Spectator Index (@spectatorindex) July 14, 2024

Photo by Anna Moneymaker/Getty Images pic.twitter.com/1Kz3xggivJ— Sean Kennedy 🗞 (@SeanDKennedy) July 13, 2024

Many people quickly shared the moment Mr. Trump raised his fist and stood up with the American flag in the background, calling it the photo of the year, a leading candidate for the Pulitzer Prize for journalism. Some opinions also call this the moment that marks Mr. Trump's victory in this year's US presidential election.

no matter your affiliation

this is a Pulitzer Prize winner

this photo alone just won the election for Trump https://t.co/Axf22qjdYR— Wazz (@WazzCrypto) July 14, 2024

pic.twitter.com/6eOgN9UdOy— Elon Musk (@elonmusk) July 13, 2024

Bitcoin price increased slightly by 3% to $59,850 after news of Mr. Trump's shooting spread. The world's largest cryptocurrency recovered last week after falling to a 5-month low on July 5, with a boost coming from the buying of Bitcoin ETFs after the German government ended the process. liquidation process of 3 billion USD BTC.

Meanwhile, the support rate for Mr. Trump to win the US Presidential election on the Polymarket prediction market reached 70% - the highest ever. This number for rival Joe Biden is currently only 16%, showing Mr. Trump's absolute dominance among crypto voters.

Yet another all-time high. pic.twitter.com/S2GdqIdetL— Polymarket (@Polymarket) July 14, 2024

The prices of political memecoins supporting Mr. Trump such as MAGA (TRUMP), Donald Tremp (TREMP),... skyrocketed by 20-40%.

As has been reported recently, candidate Donald Trump's election campaign has chosen crypto as one of the focuses to attract the attention of American voters. Mr. Trump's moves to interact with crypto include:

- Communicate with your NFT buyer community;

- Accepting election donations in crypto (though not receiving many);

- Make statements affirming that if elected, he will bring crypto back to America, remove barriers for businesses and especially the crypto mining industry;

- Self-declared himself "Cryptocurrency President", receiving support from many names in the industry such as the Winklevoss billionaire business couple and Kraken CEO Jesse Powell.

However, there are still opinions that Mr. Trump is just using crypto as a political card. BitMEX founder Arthur Hayes recently posted a blog post stating that Mr. Trump will not really realize the cryptocurrency commitments he has made in the past.

Arthur Hayes published an article stating that Trump’s support for cryptocurrencies is not sincere and that he will abandon cryptocurrencies once he takes office. Cryptocurrency voters should ask their elected political representatives to enact it into law before Election Day. He…