Bitcoin slightly drops after Trump's second "assassination attempt"

The world's largest cryptocurrency, Bitcoin, is being adjusted on the morning of September 16 after a strong increase over the weekend.

In the early morning of September 16, 2024, Bitcoin's price continuously recorded red candles, pushing this currency from the $60,000 price range to $58,420 in just a few hours.

The reason for this price fluctuation may come from the information that former US President Donald Trump has just survived another assassination attempt, although he was unharmed. Accordingly, in the early morning of September 16 (Vietnam time), the US Secret Service opened fire on a man who wanted to assassinate Mr. Trump while he was playing golf in Florida.

US authorities have chased and arrested the suspect, but have not released further information. Mr. Trump has spoken out to reassure his supporters, affirming that he is still safe.

This was the second assassination attempt on Mr Trump in just three months. On July 14, the Republican presidential candidate was targeted by a gunman while campaigning in Pennsylvania. Mr Trump narrowly escaped death when he moved his head as the bullet flew towards him, only to graze his ear, before agents rushed in to protect him. The assassination shocked the world, causing Mr Trump's approval rating to skyrocket and forcing incumbent President Joe Biden to withdraw from the race just weeks later.

The assassination caused a serious crisis within the US Secret Service, forcing the agency's director to resign and admit that this was their most humiliating defeat in more than 40 years. However, it can be seen that major changes have been made as the latest incident saw agents quickly stop the threat of an attack before it could get close to Mr Trump.

Donald Trump's new rival, incumbent Vice President Kamala Harris, has quickly consolidated the ranks of the Democratic Party and has continued to increase her influence, even somewhat overwhelming Mr. Trump in the recent debate between the two, although there was no mention of crypto. The rate of predicting Mr. Trump's return to the White House has decreased from a record high of 71% to equal Ms. Harris at the time of writing.

The cryptocurrency industry has recently paid much attention to the tense developments of the race to the White House, because of the sentiment that it could affect the future of this technology sector in the US, the world's largest power. Most agree that crypto will "breathe easier" in an America under the leadership of Mr. Trump - who has repeatedly made statements in support of the industry and pledged to remove many existing barriers, instead of Ms. Harris - the face of the current US administration that has continuously suppressed the industry for the past 3 years.