Bitcoin Surges 2% Following Assassination Attempt on Former US President Trump: Re-election Odds Boost Market Confidence

Pennsylvania, United States United States of America
Bitcoin reached a 10-day high of $60,423 on Bitstamp after the shooting
Bitcoin saw a 2% surge in value following news of an assassination attempt on former US President Trump
Trump's re-election odds saw a significant boost after the shooting incident
Bitcoin Surges 2% Following Assassination Attempt on Former US President Trump: Re-election Odds Boost Market Confidence

Bitcoin, the world's largest cryptocurrency by market capitalization, saw a surge in value following news of an assassination attempt on former US President Donald Trump. The incident occurred during a political rally in Pennsylvania on July 13, and Trump was reported to be in good condition after the shooting.

According to multiple sources, Bitcoin's price rose by approximately 2% following the shooting incident. This increase came as speculation grew that Trump's chances of winning the upcoming presidential election had increased due to the event.

Trump has previously expressed his support for cryptocurrencies and has been seen as a pro-crypto figure in the political landscape. His re-election odds, which had been lagging behind those of President Joe Biden according to PredictIt data, saw a significant boost following the shooting incident.

The price of Bitcoin had been struggling to break above the $60,000 mark in recent days before the shooting incident. However, with Trump's re-election odds on the rise and investor sentiment shifting in response to the news, Bitcoin was able to breach this level and reach a 10-day high of $60,423 on Bitstamp.

Despite this surge in value, some traders were cautious about the sustainability of the rally. With CME Group Bitcoin futures showing a significant gap between current prices and previous settlements, there was a risk that the market could experience a sharp correction if sentiment shifted once again.

Traders and analysts were closely watching developments in both the stock market and Bitcoin price action as they assessed the potential for further gains. With Trump's re-election odds continuing to rise, however, many believed that Bitcoin could continue to benefit from this trend in the coming days.


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Confidence

70%

Doubts
  • It is unclear if Trump's re-election odds have actually increased following the shooting incident
  • The article does not provide a specific source for the reported 2% surge in Bitcoin's value

Sources

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bitcoin rises as Trump shooting seen increasing re-election odds

Fortune Media Inc. Kasia Klimasinska,Bloomberg Saturday, 13 July 2024 00:00
  • Unique Points
    • Donald Trump was shot at a political rally in Pennsylvania on Saturday
    • Trump's chances of becoming president again increased after the shooting incident
    • Bitcoin rose by 2.1% following the shooting incident
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The author makes an appeal to the potential impact of events on Bitcoin price without providing any concrete evidence or logical reasoning. This is a form of hasty generalization fallacy. The author also uses inflammatory rhetoric by describing the images of Trump as 'blazing across social media and television after the attack'. This is an example of emotional appeal fallacy.
    • Bitcoin is gaining after the shooting at a Donald Trump rally, leading to speculation the incident will increase his chances of winning the presidential election.
    • Images of a defiant Trump – with his fist raised over his head and his bloody right ear, and the American flag waving in the background – are blazing across social media and television after the attack.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K

Cointelegraph News Ltd. William Suberg Sunday, 14 July 2024 15:51
  • Unique Points
    • Bitcoin traded above $60,000 on July 14 after news of an assassination attempt on US presidential candidate Donald Trump caused BTC price volatility.
    • Local highs of $60,423 on Bitstamp marked Bitcoin’s highest value since July 4.
    • Traders looked to the weekly close and start of legacy market trading for proof that the rally had legs.
    • Bitcoin is less than -1.5% away from positioning itself for an all-important reclaim of $60,600 as support.
  • Accuracy
    • Donald Trump was shot at a political rally in Pennsylvania on Saturday
    • Bitcoin rose by 2.1% following the shooting incident
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bitcoin Hits $60,000 as Trump Shooting Boosts Re-Election Odds

Entertainment Variety Tv Site: https://www.yahoo.com/entertainment/tv-site/ Kasia Klimasinska Sunday, 14 July 2024 15:52
  • Unique Points
    • Bitcoin rose above $60,000 after Donald Trump's response to an assassination attempt at his political rally in Pennsylvania on Saturday.
    • Trump's chances of becoming president again have increased according to PredictIt data following the shooting incident.
  • Accuracy
    • Images of Trump with a bloody right ear and raised fist are circulating on social media and television after the attack.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The author makes an association between the shooting of Trump and the increase in Bitcoin price, implying causation without providing sufficient evidence. This is a hasty generalization fallacy. The author also uses inflammatory rhetoric by describing images of Trump as 'blazing across social media and television' after the attack.
    • >Bitcoin rose above $60,000 after Donald Trump’s defiant response to an assassination attempt spurred speculation that his chances of winning the presidential election have climbed.<
    • Images of a defiant Trump – with his fist raised over his head and his bloody right ear, and the American flag waving in the background – are blazing across social media and television after the attack.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bitcoin rises back above $60,000 as Trump’s re-election odds hit ATH on Polymarket post-shooting

Crypto Briefing Vivian Nguyen Sunday, 14 July 2024 07:57
  • Unique Points
    • Trump's chances of becoming president again have increased to 71% following an assassination attempt against him.
    • Trump was shot at a political rally in Pennsylvania on Saturday and is in good condition.
    • Polymarket data shows that Trump’s 2024 presidential election odds have increased after the shooting incident.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (80%)
    The article makes several statements about the increase in Trump's re-election odds and how it could potentially benefit the crypto markets. While these statements are factually correct based on the information provided by Polymarket and PredictIt, they are presented in a way that implies a causal relationship between Trump's election chances and Bitcoin's price without providing any concrete evidence or analysis. This is an example of selective reporting as the article only reports details that support its position. Additionally, the author makes editorializing statements such as 'The market's growing confidence in Trump's potential return to the White House follows an assassination attempt during his rally in Pennsylvania yesterday.' and 'In recent months, the former President has repeatedly expressed his support for the crypto sector.' These statements are not factual assertions by Trump or any other source but rather the author's interpretation of events. Lastly, there is a lack of disclosure regarding sources for some statements such as 'Standard Chartered believes that Trump’s victory could boost Bitcoin’s value and the crypto industry due to his crypto-friendly approach.'
    • Standard Chartered believes that Trump’s victory could boost Bitcoin’s value and the crypto industry due to his crypto-friendly approach.
    • The market's growing confidence in Trump's potential return to the White House follows an assassination attempt during his rally in Pennsylvania yesterday.
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication