Crypto stocks experienced a rally on July 15, alongside Bitcoin, in a market move attributed to former President Donald Trump’s increasing odds of winning the United States presidential election in November.
The price rallies primarily affected mining stocks such as Marathon Digital , Riot Platforms , and CleanSpark , which gained 17%, 16%, and 16.2%, respectively.A thwarted assassination attempt on former President Trump over the weekend boosted the pro-crypto candidate’s odds of winning the 2024 election on popular online betting platforms. Trump’s potential 2024 re-election is perceived as a bullish sign by speculators and investors.
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