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Second Assassination Attempt on Trump Causes Bitcoin to Drop

Andras Crow-Hreidar by Andras Crow-Hreidar
September 15, 2024
in Crypto, News
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On September 15, former President Donald Trump faced a second assassination attempt. The Republican presidential candidate was playing golf at his West Palm Beach course when the incident occurred. Although Trump emerged unscathed, the attempt reverberated through the crypto market, causing Bitcoin to plummet.

Shots Were Fired

The alarming event happened around 1 PM EST. Secret Service agents spotted a man armed with an AK-47 style rifle hiding in the bushes near the property. The agents opened fire, forcing the suspect to flee in his black SUV. Authorities discovered two backpacks and a GoPro camera near the fence, along with the rifle. The suspect was later identified as 58-year-old Ryan Wesley Routh. Despite his escape, a quick-thinking witness managed to capture a photo of his vehicle’s license plate, which helped the police locate and arrest him on Interstate 95.

Bitcoin Takes a Hit

The news of the assassination attempt sent shockwaves not only through the political world but also the crypto market. Bitcoin’s price dropped approximately 3%, from $60,313 to $58,627. This decline triggered a wave of liquidations worth $116.52 million, with the majority ($106.52 million) coming from long trades. Over the past 24 hours, market chaos intensified, affecting 49,351 traders. Trump’s stance on making the U.S. a hub for cryptocurrency contributed to this sharp decline, as many in the crypto community anticipate him to foster better regulations and a nurturing environment for the space.

Authorities React

The FBI is treating the incident as an “attempted assassination.” Homeland Security Secretary Alejandro Mayorkas commended the quick action of the Secret Service, stating it likely prevented a major tragedy. He emphasized that protecting presidential candidates remains a top priority.

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.

— Secretary Alejandro Mayorkas (@SecMayorkas) September 16, 2024

Political Leaders Condemn Violence

President Joe Biden and Vice President Kamala Harris expressed relief that Trump was unharmed. Both leaders strongly condemned the violence, with figures from across the political spectrum calling for an end to such attacks.

I have been briefed on reports of gunshots fired near former President Trump and his property in Florida, and I am glad he is safe. Violence has no place in America.

— Vice President Kamala Harris (@VP) September 15, 2024

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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