Bitcoin price has held above $78,000 today despite a shooting at the White House Correspondents’ Association dinner in Washington, which sent President Donald Trump and senior administration officials into lockdown but did not trigger a broad retreat from crypto markets. At press time, BTC price was trading at about $78,121, up 0.58% on the day, after reaching an intraday high of $78,197, according to CoinCodex. The price stayed close to its strongest level in weeks even as investors absorbed another major political shock tied to Trump. Reports noted that Trump and officials in his administration were the likely targets of a suspect who fired a shotgun at a Secret Service agent guarding a security checkpoint at the Washington Hilton. Trump and first lady Melania Trump were rushed out of the dinner, while the injured officer was later released from the hospital. Acting Attorney General Todd Blanche said the suspect would face federal charges, including assault of a federal officer, discharging a firearm, and attempting to kill a federal officer. The market response suggested traders were still focused on the broader recovery in risk appetite that had already pushed Bitcoin back toward the upper end of its recent range. BTC had rallied earlier in the week as easing Middle East tensions and firmer U.S. demand helped lift sentiment across risk assets. By Sunday, the token was still trading near that same resistance area instead of breaking lower on the Washington security scare. Trump’s Crypto Gala Came Hours Before the Washington Shooting Earlier on Saturday, Trump hosted the winners of his second annual meme coin contest at Mar-a-Lago in Palm Beach, Florida. As we reported , the 297 largest registered holders of the $TRUMP token attended the gathering, while the top 29 joined a VIP reception and champagne toast with the president. Trump gave the keynote address at what he had described as an exclusive crypto and business conference. After the Florida event, Trump told reporters he felt an obligation to support the crypto industry, adding that crypto had become “somewhat mainstream.” According to reports, the event drew fresh scrutiny because the Trump family’s broader crypto ventures have generated more than $1 billion, including at least $336 million tied to meme coin sales in the first half of 2025 alone. At the same time, the $TRUMP token remained under pressure, trading near all-time lows and down sharply from its January 2025 peak. That sequence left crypto traders weighing political risk and market structure at the same time. Bitcoin did not react the way a risk asset under stress often does. Instead, it kept trading near the $78,000 area, suggesting that buyers were still active despite the headlines from Washington and the intense attention around Trump’s crypto-linked appearances that day. BTC Price Action as Resistance Comes into Focus One of the data points supporting the current setup is the Coinbase Premium Index. According to CryptoQuant, Bitcoin’s Coinbase premium has stayed positive for 14 straight days, the longest bullish streak since October 2025. That has kept attention on steady spot demand rather than leverage-led momentum, since a positive reading often points to stronger U.S. buying. Consequently, that reading lines up with comments from analyst Ted Pillows, who noted on X that Bitcoin had broken above $78,000 while the Coinbase premium remained positive, a sign that spot demand had not vanished. He added that BTC was now trading in its most important resistance zone, with a reclaim of $80,000 opening the way for a move toward the CME gap around $84,000, while rejection could send price back toward $75,000 to $76,000. Source: X However, despite the recovery, crypto analyst Michaël van de Poppe has outlined a broader threshold for trend confirmation. In an X post, he said a breakout above $84,000 to $87,000 would be evidence that the bear phase is over and would strengthen the case for a move toward new highs later in the cycle. For now, Bitcoin price is holding just below that range, which leaves the next move centered on whether buyers can turn the $80,000 level into support after the latest push back above $78,000.
