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The Republican presidential candidate often makes pro-crypto statements, and yesterday’s stock market events increased his chances of winning.
What happened? On Monday, stock market investors mostly reacted to the assassination attempt against Donald Trump, thus the shares of Trump Media and shares related to cryptocurrencies rose.
Bitcoin. The stock market sentiment priced in the increase in the chance of victory for the pro-crypto Trump, so it is not surprising that the price of bitcoin immediately jumped four percent, reaching a two-week high.
Other winners. Shares related to cryptocurrencies did similarly well, Coinbase’s price is 10, and MicoStrategy and Riot Platforms are both up nearly 15 percent.
