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Santiment: This year's US election-related news may drive cryptocurrency speculation

Santiment, a blockchain and off-chain data intelligence platform, posted on X platform that an attack on Donald Trump occurred about 8 hours ago, and the cryptocurrency market immediately reacted, with BTC rebounding to $60,300, hitting a new high in nearly 10 days. Considering the seriousness of any attempt to attack public figures (or non-public figures) and the distinctly different political positions of cryptocurrencies, it is undeniable that there has been a clear bullish bias around the 2024 US presidential candidate. With the approaching autumn US election and Trump's recent remarks in support of cryptocurrencies, the cryptocurrency community generally holds an optimistic attitude towards news that supports Trump. Undoubtedly, news of avoiding assassination is seen as supporting Trump, so the cryptocurrency market has shown a positive response. It should be noted that at least for the remaining time in 2024, any noteworthy US election news will continue to trigger such market reactions, especially in a field like cryptocurrencies that is always driven by speculation.

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