As betting markets indicated that cryptocurrency-friendly candidate Donald Trump had a better chance of winning the US presidential election, bitcoin reached a two-week high on Monday.
Around 4% more than its previous value, or $62,462.46, was what the largest cryptocurrency in the world, bitcoin, had at 12:25 p.m. London time.
After Saturday’s shockingly unsuccessful attempt to assassinate former President Trump, there will be a demonstration.
In an email statement, FedWatch Advisors chief investment officer Ben Emons stated, “There is a ‘parallel’ to the 1981 shooting of President Reagan,” despite the fact that it was not an election year.
Reagan’s popularity surged in the wake of the incident, coinciding with a severe recession. The subsequent economic downturn, however, caused the S&P 500 to drop 9%.
Nonetheless, given the robust economy we currently have, it is likely that public opinion of former President Trump will soar and have a good effect on markets.
Source (CNBC)
