Bitcoin Today 09/16/2024: BTC and ETH retreat after Trump assassination attempt

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Bitcoin Today 09/16/2024: BTC and ETH retreat after Trump assassination attempt
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Bitcoin’s price has fallen 1.9% in the past 24 hours, trading at around $58,780 at the time of writing. In real terms, each BTC is costing R$327,288.

Additionally, Ethereum, the second-largest cryptocurrency by market value, has fallen 4.2% in the same period and is now trading at $2,304. Other altcoins are also trading lower on Monday (16).

BNB, for example, has fallen 1.0% in the last 24 hours to $548.05. Solana has fallen 2.6% to $132.06. Meanwhile, XRP and Dogecoin have retreated 2.1% and 2.5%, respectively, to $0.57 and $0.10. Rounding out the top 10 is Toncoin with a daily drop of 1.4% and a current price of $5.52.

With the price drops of the last 24 hours, the global market value of cryptocurrencies is at US$2.13 trillion, with a daily decline of 3.7%. Bitcoin’s dominance over other crypto assets is at 54.4% and Ethereum’s is at 13%.

Bitcoin and Cryptocurrency Market

These downward price movements come after a new assassination attempt against US presidential candidate Donald Trump occurred over the weekend. Regarding the case, the FBI said it was investigating the shots fired at the Florida-based Trump International Golf Club, where Trump was playing.

Anthony Guglielmi, Chief of Communications for the United States Secret Service said:

“The Secret Service, in conjunction with the Palm Beach County Sheriff’s Office, is investigating a protective incident involving former President Donald Trump that occurred shortly before 2 p.m. The former President is safe.”

The price movement of Bitcoin and other cryptocurrencies also precedes a possible cut in interest rates by the United States. The decision is expected to take place at the next meeting of the Federal Reserve (Fed), the US central bank.

Over the weekend, Bitcoin peaked at around $60,600. However, the price has since fallen back to around $58,551, according to data from CoinGecko.

The market has been cautious as the next Federal Open Market Committee (FOMC) meeting, scheduled for this week, approaches. Investors and policymakers are keeping an eye on the possibility of an announcement regarding interest rate cuts. After all, this could have a significant impact on the cryptocurrency market and risk assets in general.

Bitcoin Today 09/16/2024: BTC and ETH retreat after Trump assassination attempt

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Bitcoin Today 09/16/2024: BTC and ETH retreat after Trump assassination attempt

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