Analysts from H.C. Wainwright believe the market’s positive reaction to crypto suggests increased confidence in Republican presidential candidate Donald Trump’s election prospects. 

This confidence comes because Trump is known for his pro-crypto stance, particularly his support for Bitcoin (BTC) mining in the U.S.

Following a failed assassination attempt on Trump during a campaign rally in Butler, Pennsylvania, on Saturday, July 13, Bitcoin and BTC mining stocks saw a notable surge. BTC rallied over 9% since the incident, reaching a high of approximately $63,790 on Monday, while mining stocks gained around 10% in Monday’s session. 

“​​Many believe the tragic event immediately boosted Trump’s odds of winning the election in November, and given Trump is widely viewed as the …