BTCUSDT: TRUMP Token Plummets on Former President’s New York Conviction
The Former US President Donald Trump finds Guilty approval from New York Court yesterday due to improper in the Business records. Bu the Vote poll shows 56% Winning for the Trump and Joe Biden shows 38%. This is the First Time that opposite party candidate finds Guilty during election time. Trump Meme coin dropped 35% and Joe Biden Meme Coin surged 20% in the market.
BTCUSDT Market price is moving in box pattern and market has fallen from the resistance area of the pattern
The verdict of Donald Trump being found guilty by a New York jury on all 34 counts has reverberated beyond just legal implications, affecting holders of the TRUMP meme coin. The token witnessed a sharp decline of up to 35% following the announcement of the verdict. In contrast, Jeo Boden, a meme coin inspired by President Joe Biden, experienced a surge of 20%.
Trump’s conviction stems from allegations of falsifying business records, marking him as the first U.S. president to be convicted of a felony. Despite this significant legal setback, traders on Polymarket, a blockchain-powered prediction market, continued to anticipate Trump defeating Biden in the November election. Trump maintains a lead with 56% odds of winning, compared to Biden’s 38%, even after the verdict.
BTCUSDT: Trump Found Guilty on All Counts in Hush-Money Trial
Yesterday, the New York Court delivered a historic verdict, finding former US President Donald Trump guilty on charges related to improper business records. This marks the first instance in which a presidential candidate from the opposing party has been convicted during an election period. Despite this development, polling data indicates that Trump maintains a significant lead over his Democratic counterpart, Joe Biden, with a 56% approval rating compared to Biden’s 38%.
BTCUSDT is moving in Ascending channel and market has reached higher low area of the channel
The repercussions of the verdict were felt beyond the courtroom, particularly in the cryptocurrency market. The TRUMP meme coin experienced a significant decline of 35% following the announcement of the guilty verdict. In contrast, the meme coin inspired by Joe Biden saw a notable surge of 20%.
This verdict underscores the intense political climate surrounding the upcoming election and its impact on various sectors, including finance and digital assets.
In a historic decision that could have significant implications for the 2024 election campaign, former United States President Donald Trump has been found guilty in a criminal hush-money trial. This verdict marks the first time in US history that a former or current president has been charged and convicted of a crime.
The jury delivered its verdict on Thursday afternoon after a seven-week trial in New York City. Trump faced a total of 34 felony counts related to falsifying business documents, specifically regarding a hush-money payment made to adult film star Stormy Daniels just before the 2016 US presidential election. Prosecutors alleged that Trump attempted to conceal this payment in an effort to improve his chances of winning the election.
During the trial, nearly two dozen witnesses testified, and after closing arguments concluded on Tuesday, the jury deliberated for two days before reaching a verdict. Trump, who had pleaded not guilty to all charges, now faces a prison sentence of up to four years for each felony count. However, legal experts suggest that it is unlikely he will serve time behind bars and may instead receive probation or community service.
Following the announcement of the verdict, a sentencing date was set for July 11. This timing is significant as it falls just four days before the start of the Republican National Convention in Wisconsin, where Trump is expected to be officially nominated as the party’s presidential candidate.
Trump reacted to the verdict by dismissing the trial as rigged and disgraceful. He hinted at a potential appeal, asserting his innocence and vowing to fight for his constitutional rights.
Despite the guilty verdict, Trump’s supporters rallied behind him, questioning the credibility of the trial and its political motivations. Republican House Speaker Mike Johnson condemned the verdict as a shameful day in American history and criticised the use of testimony from Trump’s former lawyer, Michael Cohen, who was also convicted in 2018.
Meanwhile, Democrats seized on the verdict as evidence of the need for accountability and the rule of law. They highlighted the importance of the upcoming election as the means to keep Trump out of the Oval Office.
The trial’s outcome also had repercussions in the stock market, with shares in Trump Media & Technology Group, a company in which Trump holds a majority stake, experiencing a 14 percent decline immediately after the verdict was announced.
In a news conference following the verdict, Manhattan District Attorney Alvin Bragg commended the jurors for their diligent service and emphasized the importance of following the facts and the law without fear or favor. He defended his decision to pursue the case and reaffirmed his commitment to upholding justice.
Overall, the guilty verdict in Trump’s hush-money trial has sparked intense reactions across the political spectrum and may have far-reaching implications for both Trump and the broader political landscape in the United States.
BTCUSDT: Trump Calls Verdict ‘a Disgrace’, Sentencing on July 11
Yesterday, the New York Court found the former US President Donald Trump guilty due to irregularities in his business records. However, despite this legal setback, Trump garnered a 56% approval rating in recent polls, while his opponent, Joe Biden, received 38%. This marks the first instance in election history where a candidate from the opposing party has been found guilty during the campaign period. Following the news, the value of the Trump Meme coin plummeted by 35%, while the Joe Biden Meme Coin saw a surge of 20% in the market.
BTCUSDT is moving in Ascending channel and market has reached higher high area of the channel
Former President Trump Found Guilty, Sentencing Set for July 11
Former President Donald Trump has been found guilty on all 34 counts in his landmark New York criminal trial, making him the first former or sitting president in U.S. history to be convicted of a crime. The verdict was delivered unanimously by a panel of 12 Manhattan jurors after a six-week-long trial. Sentencing has been scheduled for July 11.
During the trial, evidence was presented regarding Trump’s alleged falsification of business records related to a hush-money payment made to adult-film star Stormy Daniels during the 2016 presidential campaign. Prosecutors argued that Trump violated election laws by attempting to conceal the payment as legal expenses.
Trump, who has repeatedly denied the allegations, denounced the verdict as a “disgrace,” vowing to fight it. He criticized the trial as rigged and accused the judge of bias.
The conviction does not bar Trump from running in the upcoming presidential election, where he is expected to be the Republican nominee. However, the guilty verdict could impact his campaign and support among voters, particularly in key swing states.
Following the verdict, Manhattan District Attorney Alvin Bragg declined to comment on the potential sentencing but affirmed that his office had followed the law in prosecuting the case.
Trump’s political allies rallied to his defense, decrying the verdict as an attack on democracy. Meanwhile, the Biden-Harris campaign emphasized the importance of upholding the rule of law.
Trump’s legal team plans to appeal the verdict, alleging misconduct during the trial. However, the outcome of the appeal remains uncertain.
Despite the legal challenges, Trump continues to campaign aggressively, targeting his Democratic opponent, Joe Biden. However, the trial has kept Trump largely off the campaign trail, impacting his ability to engage with voters.
While Trump faces three other criminal cases, including allegations of election interference, the trials are not expected to begin before the presidential election on November 5.
🔥Stop trying to catch all movements in the market, trade only at the best confirmation trade setups
🎁 60% OFFER for Trading Signals 😍 GOING TO END – Get now: https://forexfib.com/offer/
