BTC edges back from above 63k but is the Trump assumption correct?

Many Bitcoin pundits are citing the failed weekend assignation attempt on Donald Trump as a driver behind the quite dynamic rebound in BTC. That was not covered here in an earlier update, simply because it was an assumption and not anything based in fact. However, it should be mentioned here for the avoidance of doubt. Basically the crypto market is assuming that Trump will now win the race to the Whitehouse, on the basis that this shock news will embolden his chances of becoming president again. The second assumption is that Trump will be more crypto friendly than his opponent. To be honest that is not necessarily true either. So, we have two assumptions to deliver a price reaction on BTC and that is upshot of why the market has rushed back to BTC. This author does not necessarily buy into any of that, for reasons which are hoped to be obvious. That said, the market is what the market is folks and this has all added up to another excuse to embolden crypto buyers in general and given them an excuse that has been lacking for quite a few weeks now. Since the earlier update here, Bitcoin rose to a new session high 63,253. It has then backed off to around 62,325, but it is off that low now, currently trading at 62,615