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▲ President and Mrs. Trump attending a dinner event
Despite the shocking incident where President Donald Trump was evacuated due to a shooting at the White House Correspondents' Dinner, the virtual asset market, including Bitcoin (BTC), remains strangely calm and stable, as if in the eye of a storm.
According to CoinMarketCap, a cryptocurrency market aggregation site, as of 10:56 AM (Korean time) on the 26th, the global virtual asset market capitalization was $2.59 trillion, a mere 0.15% decrease from the previous day. The Fear & Greed Index, which indicates market sentiment, stands at 43, pointing to a neutral phase.
Bitcoin, the leading cryptocurrency, is trading at $77,508.93, down 0.09% from 24 hours ago. Notably, the volatility rate in the past hour since the shooting incident was reported was -0.02%, showing virtually no movement. Major altcoins like Ethereum (ETH) at $2,315.20, XRP (Ripple) at $1.42, and Solana (SOL) at $86.09 all exhibited extreme cautiousness, with their 1-hour fluctuation remaining within approximately 0.1%.
On this day, gunshots, presumed to be aimed at President Trump, rang out at the Hilton Hotel dinner venue in Washington D.C. It was a perilous geopolitical shock that could have potentially triggered massive panic selling and extreme volatility across global financial markets.
However, there is a clear reason why the coin market's 1-hour chart reacted so nonchalantly. Immediately after the incident, the Secret Service (SS) swiftly apprehended the suspect, and President Trump himself promptly announced his safety via social media, leading to an early resolution of the situation. The potential for political uncertainty to escalate into a long-term crisis was thwarted early on, and market fear quickly subsided.
A more fundamental reason is that all eyes in the current coin market are focused on upcoming major macroeconomic events. Investors are exercising extreme caution in changing their positions ahead of next week's Federal Open Market Committee (FOMC) regular meeting and the earnings announcements of major tech stocks like the Magnificent 7 (M7). They are maintaining a wait-and-see attitude, focusing on the real impact that future interest rate directions and corporate earnings will have on market liquidity, rather than short-term political happenings.
Virtual asset industry experts analyzed, "The weight of the current macroeconomic situation is so significant that it has even absorbed an unexpected variable like the presidential shooting." They further predicted, "This persistent stability in the market is likely to continue until the FOMC results are announced, and depending on Federal Reserve Chairman Jerome Powell's remarks and the results of U.S. economic indicators, the suppressed energy will explode both up and down at once, bringing a fierce aftermath."
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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