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First Mover Americas: Bitcoin Rises Above $62.5K Following Trump Shooting

The latest price moves in crypto markets in context for July 15, 2024.

2024年7月15日 午後12:09 AIによる翻訳
BTC price, FMA July 15 2024 (CoinDesk)
(CoinDesk)

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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Prices FMA, July 15 2024 (CoinDesk)
(CoinDesk)
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Bitcoin rose to over $62,500 following the weekend attack on Donald Trump, which seems to have also boosted the former president's chances of winning a second term in November. Having cemented himself as the pro-crypto candidate compared with President Joe Biden, Trump's election prospects have become a metric for the cryptocurrency market. BTC has rallied over 7% since the failed assassination attempt in Butler, Pennsylvania. At the time of writing, it is priced at $62,476, an increase of 3.95% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has risen by 3.32%.

The probability of Donald Trump retaking the White House jumped to an all-time high on Saturday after the shooting at the Pennsylvania rally, according to traders on Polymarket. "Yes" shares in Polymarket's contract on whether Trump will win the presidency climbed 10 cents after the incident to 70 cents, meaning the market now sees a 70% chance he will prevail in November's election. Each share pays out $1 if the prediction comes true, and zero if not. Meme tokens named after Trump also surged after the shooting. MAGA, for example, rose 34% on a 24-hour basis to $8.38, according to CoinGecko data, and the satirical TREMP added 67% to $0.6471. BODEN, a joke asset named after Biden, slipped about 15% over 24 hours to $0.0333115.

Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday. Pertsev's lawyers were seeking bail to allow the Russian to prepare for his appeals process, but the court said "that continuing his detention does not obstruct his possibility to prepare his defense,” Keith Cheng, Pertsev's lawyer said according to the report. Pertsev was found guilty of money laundering by a Dutch judge at the s-Hertogenbosch court in May and handed 64 months prison time by the court. The verdict sent shock waves within the community leaving several outraged. The case has been described as the most pivotal legal case in crypto.

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COD FMA, July 15 2024 (Coinglass)
(Coinglass)

- Omkar Godbole

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

知っておくべきこと:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Here’s why bitcoin’s is failing its role as a 'safe haven'

Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.

知っておくべきこと:

  • During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
  • Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
  • Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.