SUMMARY
Bitcoin saw a significant surge to a two-week high following the attempted assassination of former U.S. presidential candidate Donald Trump. The cryptocurrency rose by 8.6% to $62,508, touching a peak of $62,698 earlier in the session. This rally contributed to its year-to-date gains, now totaling 47%. Ether also saw gains, rising 6.8% to $3,322. Investors attributed the spike in Bitcoin's price to increased speculation that Trump's chances of winning the upcoming election had improved due to the incident. Trump, who has positioned himself as a supporter of cryptocurrency, is set to speak at the Bitcoin 2024 conference later in July. Analysts anticipate continued bullish sentiment in the crypto markets, with projections suggesting Bitcoin could reach around $65,000 by the end of the week.
