Trump Media surges 70% as market reopens after attempted assassination

Financial markets have reopened in response to the incident where Donald Trump was about to be assassinated at an election rally held in Pennsylvania on Saturday. There is also a possibility that the bullet that grazed the former president's ear had completely different results while calling for unity to unite the country, and it is still a big topic of conversation. The shooting also came before the Monday-Thursday Republican National Convention kicks off in Milwaukee, and many analysts voiced their opinions on what the recent series of events meant for investors.

The probability that Mr. Trump will win in November is expected to increase in response to this terrorist incident, and in some betting markets, it is expected that not only the Senate but also the House of Representatives will swing in favor of the Republican Party. If the Republican Party wins, there is a high possibility that hawkish trade policies, such as extending tax cuts and raising tariffs, will be implemented. Also, if the so-called “red wave” is realized, there is a possibility that regulations on topical topics, from climate change to cryptocurrencies, will be relaxed.

Bitcoin (BTC-USD) surged 8.6% to 62,984 dollars, and Ether (ETH-USD) rose 6.8% to 3,361 dollars, to a high for the first time in 2 weeks. Stock futures have also risen, and the monthly limit linked to the NASDAQ 100 (NDX) has risen 1%, and the monthly limit linked to the Dow (DJI) and S&P 500 (SP500) has risen 0.4% and 0.5%, respectively. Trump Media & Technology (NASDAQ: DJT), which is known for its meme quality and can follow Trump-related trends, has also surged 71.5% to 52.95 dollars/share, and most of the market front market seems to be moving.