On September 15, former President Donald Trump survived a second assassination attempt while playing golf at his West Palm Beach course. The Republican presidential candidate emerged unharmed, and the suspect was swiftly apprehended. However, the incident sent ripples through the cryptocurrency market, resulting in a significant drop in Bitcoin’s value.
Shots Fired Near Trump’s Golf Course
The incident took place around 1 PM EST, when Secret Service agents noticed a man armed with a rifle, resembling an AK-47, hiding near the property. Upon being discovered, the suspect fled in a black SUV after a brief exchange of gunfire with the agents. Two backpacks, a GoPro camera, and the weapon were found at the scene. Authorities later identified the suspect as 58-year-old Ryan Wesley Routh. Thanks to a witness who managed to photograph the suspect’s vehicle’s license plate, law enforcement tracked him down and arrested him on Interstate 95.
Bitcoin Suffers a Blow
The news of the assassination attempt quickly spread, impacting not only the political sphere but also the financial markets. Bitcoin, which had been trading at $60,313, saw a sharp 3% decline, falling to $58,627.
This drop triggered a wave of liquidations, amounting to $116.52 million in value. A majority of the liquidations, around $106.52 million, came from long positions, affecting nearly 49,351 traders within a 24-hour period. Trump’s pro-cryptocurrency stance, particularly his vision of making the U.S. a global leader in the crypto space, contributed to this market response. Investors are keen on Trump’s potential role in shaping regulations that would benefit the industry.
Official Response
The FBI classified the incident as an attempted assassination. Secretary of Homeland Security Alejandro Mayorkas praised the swift action of the Secret Service, stating that their quick response likely averted a potential disaster. He reiterated that safeguarding presidential candidates remains a top priority for national security.
I commend the Secret Service for its quick action to preempt this apparent assassination attempt and protect the former President. We condemn violence against public officials and candidates. (1/2)
— Secretary Alejandro Mayorkas (@SecMayorkas) September 16, 2024
Political Leaders Speak Out
President Joe Biden and Vice President Kamala Harris expressed relief that Trump was unharmed and denounced the violence. Political leaders from across the spectrum joined in condemning the attack, calling for an end to violence in politics and reinforcing the need for unity in these turbulent times.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in any cryptocurrency.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your research before investing in any cryptocurrency.
