Bitcoin Hits $60K+ in 11 Days: Trump Assassination Attempt Sparks Price Surge & Market Buzz

Bitcoin Prices Soar 2.7% in 24 Hours, Hitting Intraday High of $60,423. After hovering below $60,000 for over a week, Bitcoin (BTC) broke through this crucial threshold, surpassing $60,000 for the first time in 11 days. The digital currency achieved this milestone early Sunday morning at 4 a.m. EDT, signaling a potential upward trend in the crypto market. Stay tuned for further updates on Bitcoin’s price movements.

• BTC Soars 2.7% to $60,423 Amid Heightened US Political Tensions

BTC Soars 2.7% to $60,423 Amid Heightened US Political Tensions

Amidst this political backdrop, Bitcoin’s surge serves as a testament to its resilience and the growing demand for digital assets. The global crypto market cap has also expanded, growing by 2.2% over the past day to reach a staggering $2.21 trillion. This upward momentum is further reflected in Bitcoin’s 4.3% increase over the past week, demonstrating its resilience and appeal as an investment asset.

In the broader crypto market, crypto derivatives positions worth $83 million were liquidated, with approximately $59.41 million in short positions and $30.48 million in BTC shorts. This suggests that investors are actively trading and hedging their positions in anticipation of further market volatility.

On Sunday, BTC’s top trading pairs included USDT, USD, FDUSD, USDC, and the South Korean won, indicating the currency’s global appeal and liquidity. While BTC’s global weighted average stands around $60,117 per coin, it is trading at a premium of 1.9% in South Korea, where it is currently valued at $61,271 per BTC. This regional premium reflects the strong demand and sentiment for Bitcoin in the Asian market.

As the U.S. election season progresses, Bitcoin’s performance is likely to serve as a barometer for market reactions to political developments. The recent price surge underscores how investor sentiment is tightly interwoven with election outcomes and geopolitical tensions. With Bitcoin continuing to make headlines and attract mainstream attention, it remains a pivotal asset in the digital economy, offering investors a unique opportunity to diversify their portfolios and capitalize on market volatility.