Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.
I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.
I think it has nothing to do with it, because if it were related, the price of Bitcoin would fall because of that event, but in fact the price of Bitcoin is moving in a different direction.
The increase in Bitcoin in the last few days is a response to the sharp decline that occurred previously so I think it is very natural.
And now we haven't seen the price of Bitcoin move higher than the price of 65k so in my opinion it is still the support price so if you look at it from before the sharp decline last week then there is no significant difference.