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Cryptocurrencies rose on Saturday evening in the moments after former President Trump was shot while speaking at a campaign rally in western Pennsylvania.
Bitcoin (BTC-USD) briefly dipped to about $58,448 at 6:15 p.m. ET before rising 2.4% to $59,909 over the next few hours.
The Solana meme coin TRUMP more than doubled in value after news reports about the incident. The MAGA coin surged 30%.
Secret Service rushed Trump off the stage bleeding from around his ear after shots rang out at a rally in Butler, Pennsylvania. Trump later said in a post on Truth Social, his social media platform, that he had been “shot with a bullet that pierced the upper part of my right ear.”
The shooting was being investigated as an assassination attempt, law-enforcement officials said. A Secret Service spokesperson said a rallygoer was killed in the shooting, and the suspected shooter was killed by the Secret Service.