• Bitcoin rides the 'Trump Trade', shrugs of Microsoft Crowdstrike IT outage - Crypto Roundup

  • Jul 19 2024
  • Length: 7 mins
  • Podcast

Bitcoin rides the 'Trump Trade', shrugs of Microsoft Crowdstrike IT outage - Crypto Roundup

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  • Summary

  • Proactive's Billy Farrington looks at significant developments impacting Bitcoin and the broader crypto market. A key topic discussed was the assassination attempt on presidential nominee Donald Trump, which led to a notable economic reaction. Dubbed the "Trump trade," this event caused a surge in Bitcoin's value, attributed to Trump's pro-crypto stance. Bitcoin saw a 12% increase, trading around $63,100, despite some midweek declines. Farrington noted the uncertainty surrounding the Democratic Party, with increasing calls for President Biden to step aside, potentially affecting Trump's chances and thus the Bitcoin market. Additionally, a major IT blackout affecting global airlines, Microsoft systems, and other services was highlighted. This incident underscored Bitcoin's resilience due to its decentralised nature, as it remained unaffected. Farrington suggested this event might strengthen the narrative around Bitcoin's robustness and decentralisation benefits. #Bitcoin, #CryptoNews, #DonaldTrump, #AssassinationAttempt, #TrumpTrade, #ProCrypto, #Decentralization, #Blockchain, #BTC, #CryptoMarket, #ITBlackout, #CyberSecurity, #Microsoft, #CrowdStrike, #GlobalMarkets, #PoliticalImpact, #Election2024, #CryptoResilience, #BitcoinRally, #ProactiveInvestors #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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