ISTANBUL 

Bitcoin and cryptocurrencies were on decline Monday after an assassination attempt on former US President and Republican nominee Donald Trump.

Bitcoin, the world's largest cryptocurrency, was trading just above $57,825 at 11.42 a.m. EDT (1542GMT) with a daily decrease of 4.1%.

Ethereum, the world's largest altcoin, was at $2,288 at the time with a daily loss of more than 5%.

The value of the cryptocurrency market stood at $2.02 trillion with a 3.78% daily decrease. Bitcoin's share, known as dominance, was at 56.6%. Ethereum's was at 13.6%, according to CoinMarketCap.

There were reports Sunday that gunshots were heard outside Trump International Golf Club in West Palm Beach. The Federal Bureau of Investigation said it "appears to be an attempted assassination." Trump was wounded during an attempted assassination at a campaign rally in July.

Bitcoin climbed to as high as $69,992 on July 29, two days after Trump laid out his plan to ensure that the country would be "the crypto capital of the planet and the Bitcoin superpower of the world."

Cryptocurrencies, however, saw a steep decline beginning Aug. 1 when recession fears sent global markets into a freefall.