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Crypto stocks soar with BTC amid turbulence following Trump incident

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Some key crypto stocks saw positive moves with double-digit increase at the close of trade on the first day of the week.

and other cryptocurrencies. This surge in crypto-related stocks is notably linked to the recent assassination attempt on Donald Trump, a presidential candidate perceived to be favorable towards cryptocurrencies.The stock market has recently demonstrated strong performances from crypto-related stocks, signaling a robust outing for the sector. Companies such as

Notably, Bitcoin transactions accounted for 33% of the trading volume on Coinbase in the first quarter, while Ethereum transactions made up 13%. The rise in Bitcoin prices typically benefits mining operations like Riot Platforms, as it increases the value of the Bitcoin they mine, enhancing the overall profitability of their operations.on a daily timeframe revealed a significant uptick in price on 15th July. The cryptocurrency’s value increased by 6.49%, rising from approximately $60,804 to $64,747.

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