Donald Trump, the former U.S. president and current 2024 presidential candidate, narrowly escaped a second assassination attempt at his Florida golf club. This comes just two months after a similar attempt during a rally in Pennsylvania. The incident has sent shockwaves through political prediction markets and the cryptocurrency sector.
Trump’s campaign team quickly confirmed that he was unharmed, and Vice President Kamala Harris also commented on the situation, saying, “Violence has no place in America.” Her remarks came via a post on X (formerly Twitter), expressing relief that Trump was safe.
Political Prediction Markets Shift Dramatically
The assassination attempt triggered an immediate response in the prediction markets, particularly on Polymarket. Prior to the attack, Harris led Trump in projected vote shares, holding 50% to his 49%. Following the news, the gap has tightened once again, reflecting the ongoing volatility in the race.
While Harris still leads by a slim margin, the incident has intensified uncertainty about the outcome of the upcoming election. This marks a reversal of fortune, as Harris had surged ahead following the first debate.
Bitcoin Drops 3% Amid Market Turbulence
The aftermath of the assassination attempt was also felt in the cryptocurrency market, where Bitcoin (BTC) saw a sharp decline of 3%. After experiencing strong gains in recent weeks, Bitcoin fell to $58,592, according to CoinMarketCap. This stands in stark contrast to the digital currency’s response after the first attempt on Trump’s life, which saw BTC rally above $60,000.
Whale Activity May Be Contributing to Bitcoin’s Decline
Blockchain analysis from Lookonchain suggests that a major Bitcoin whale sold 500 BTC, valued at over $30 million, just before the market downturn. Data from Glassnode further revealed a drop in the number of Bitcoin addresses holding 10 or more coins, indicating increased selling pressure from large holders.
This movement by whales has added to the overall market instability, contributing to Bitcoin’s recent decline, which saw a 2% dip in the last 24 hours.
MAGA Coin Takes a Hit as ETF Markets Remain Steady
The Trump-themed cryptocurrency, MAGA coin, also saw a dramatic reaction to the news, dropping 11.71% in value. This represents a sharp contrast to its surge following the previous assassination attempt, when it soared by more than 40%.
Meanwhile, ETFs saw continued inflows, with Farside Investors reporting $263.2 million in investments on September 13. However, the long-term impact on financial markets from the latest assassination attempt remains to be seen.
Bitcoin’s Future: Support Levels in Focus
Market analysts are closely watching Bitcoin’s next moves. According to data from IntoTheBlock, 81.92% of Bitcoin holders remain “in the money,” with their holdings valued above the purchase price. However, a continued price drop could push Bitcoin toward a critical support level at $53,000.
Despite the recent downturn, some experts remain optimistic about a potential bullish shift, with key resistance levels near $61,000 that could spark a price recovery in the coming weeks.
