Shares of companies in the cryptocurrency sector, prison operators, and other businesses in the US surged in pre-market trading on July 15 after an assassination attempt on Republican Party candidate and President Donald Trump. Reuters reported this.
Trump Media & Technology Group Shares Soar
Shares of Trump Media & Technology Group rose by 67%. Trump holds a controlling stake in the company worth around $3.8 billion as of June 25, which is the parent company of the social media platform Truth Social.
Cryptocurrency Sector Gets a Boost
In addition to the attack on Trump, shares of cryptocurrency companies also received a boost, as Bitcoin rose to a two-week high. Cryptocurrency exchange Coinbase Global and Bitcoin miners Riot Platforms and Marathon Digital saw increases ranging from 6% to 7%.
«It is likely that Trump’s position in the race for the White House is stronger now, which has pushed traders to seek profitable assets,» noted investment analyst AJ Bell, Dan Coatsworth.
