On July 15, crypto stocks experienced a significant rally alongside Bitcoin (BTC).
On July 15, crypto stocks experienced a significant rally alongside Bitcoin (BTC). The surge was most notable among mining stocks, with Marathon Digital (MARA) climbing 17%, Riot Platforms (RIOT) gaining 16%, and CleanSpark (CLSK) increasing by 16.2%. Additionally, shares of Coinbase (COIN) jumped 11.4%, while MicroStrategy (MSTR), led by Bitcoin maximalist Michael Saylor, soared 16.7%.
The rally followed a thwarted assassination attempt on Trump over the weekend, which unexpectedly boosted his odds of winning the 2024 election on various betting platforms. Trump's potential re-election is seen as a bullish signal by many speculators and investors in the crypto space.
The rising odds of former President Donald Trump's potential victory in the upcoming U.S. presidential election have invigorated the pro-crypto community. Despite the assassination attempt, Trump announced he would still attend and speak at the upcoming Bitcoin conference in Nashville, Tennessee, on July 27.
During Bitcoin's recent price decline, institutions took advantage of the dips created by the German government's significant BTC sales and the uncertainty surrounding the Mt. Gox reimbursement plan. On July 15, BlackRock CEO Larry Fink appeared on CNBC, endorsing Bitcoin. He referred to the cryptocurrency as "digital gold" and a "legitimate" financial instrument.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
