Bitcoin Rallies as Trump Optimism Powers Crypto After Shooting

Bitcoin jumped the most in almost two months after Donald Trump’s defiant response to an assassination attempt spurred speculation that the pro-crypto former president’s chances of winning reelection have improved.

Bitcoin rose as much as 5.2% on Monday to top $63,000, the biggest daily gain since May 20. Trump said he was shot in the right ear after gunfire erupted at a rally in Pennsylvania on Saturday, an episode that sparked global condemnation of political violence and shook the US presidential campaign.

Betting markets responded by immediately boosting the odds of a victory by Trump, who has cast himself ...