The biggest news story of the past 24 hours was the shooting of US Republican presidential candidate Donald Trump at a rally in Pennsylvania.
The news has dominated headlines over the past few hours and caused huge volatility in the cryptocurrency market over the weekend, which is highly unusual.
According to recent reports, 20-year-old Thomas Matthew Crooks has been identified as a “person of interest” in the attempted assassination of former U.S. President Donald J. Trump.
The shooting happened less than 12 hours ago during a rally in Butler, Pennsylvania, where Trump was escorted off the main stage with blood running down his ear and face.
It was the first public shooting of a high-ranking U.S. politician in more than 40 years since John Hinckley Jr. shot President Ronald Reagan in 1981.
According to the BBC, Trump was taken to a local hospital but has since been released and returned to his home in New Jersey.
President Trump was a vocal critic of Bitcoin and the cryptocurrency industry as a whole during his first presidency, but unlike current President Joe Biden, he has changed his stance during the current election campaign.
It is therefore not surprising that the shooting had a dramatic impact on the cryptocurrency market, causing major fluctuations across most assets.
While weekends are usually disappointing for BTC, events on Saturday (US time) led to some big price movements, including a sharp rise from $58,300 to $60,400 in a matter of hours.
Despite some declines since then, Bitcoin is still close to the $60,000 level it lost earlier this month.
