The price of Bitcoin has risen above $60K, sparking optimism among investors that a bullish trend is underway. Currently, BTC is trading at over $61K, showing a 4% increase in the last 24 hours.
The surge in price has led to over $100 million in liquidations in the derivatives market within a day. This sudden spike in volatility can be observed in the chart, with a significant increase in the last hour.
The recent uptick in Bitcoin’s price coincides with a period of heightened volatility, possibly influenced by external factors. Earlier reports suggest that the market movements may have been impacted by news of an assassination attempt on US Republican presidential candidate Donald Trump.
According to Trump’s official statement, he was targeted during a rally in Pennsylvania and sustained a gunshot wound to the upper part of his ear. Images of the incident show him being escorted by Secret Service agents, with visible signs of blood on his face.
Interestingly, meme coins associated with Donald Trump have experienced significant price surges in the past 24 hours, indicating a possible correlation between the news event and market movements.
In light of these developments, investors are advised to stay informed and exercise caution when navigating the current market conditions. As Bitcoin continues to show signs of volatility, it is essential to closely monitor price movements and assess the potential risks involved in trading or investing in cryptocurrencies.