Republican presidential candidate and former U.S. President Donald Trump gestures as he is surrounded by U.S. Secret Service agents at a campaign rally in Pennsylvania, Saturday (local time). AP-Yonhap

Prices of Bitcoin surged, breaking the $60,000 level, after news broke that U.S. presidential candidate Donald Trump was shot during his campaign rally, Saturday (local time).

The price of Bitcoin, which had been trading at around $58,000 on that day, surged to over $59,000 after the news of the shooting. As of 2:35 p.m., Sunday, it was traded at $60,166, breaking the $60,000 mark. The last time Bitcoin traded at this level was July 3.

The rise in Bitcoin prices following the news of Trump's shooting is attributed to the belief that this incident increases his chances of winning the presidential election in November. According to Polymarket, a prediction market platform, Trump's chances of winning the election rose from 60 percent to 70 percent following the incident.

Trump is seen as being more favorable toward the cryptocurrency industry compared to the current U.S. President Biden, who is running for a second term. Last month, Trump even vowed to become a "crypto president" during a fund-raising event held in San Francisco.