The former president, 78, survived the attempt on his life when the bullet missed him by less than an inch on Saturday afternoon, at a rally in Butler, Pennsylvania.

A bloodied Trump pumped his fist after being shot in the ear creating a powerful image of the convicted felon that saw his odds of winning the election skyrocket.

An hour before the shooting, Trump's odds was 59 cents on the dollar to win the presidency on PredictIt, a New Zealand based online prediction market.

Shortly after the attack his chances jumped to 66 cents to the dollar and have remained there while Biden's sunk to 22 cents.

'From memory, Reagan went up 22 points in the polls after his assassination attempt. The election is likely to be a landslide. This probably reduces uncertainty,' Nick Ferres, chief investment officer at Vantage Point Asset Management told Reuters.

On Polymarket, a platform that allows users to make cryptocurrency bets, Trump's odds of winning increased to 70 percent.

While the price of bitcoin rose to nearly $60,000 per bitcoin on Saturday, according to Fortune.

Biden's odds are at just 16 percent of winning on Polymarket. 

The 78-year-old was dragged off stage by Secret Service with blood covering his face and then pumped his fist and shouted 'fight, fight, fight' after the gunfire rang out in front of thousands of MAGA fans. 

The gunman and a member of the crowd were killed and two others were taken to hospital in a critical condition after the shooting.

The suspect fired at least eight shots from the roof where his body and an AR-style rifle were later recovered. 

Trump confirmed he was hit in a statement from hospital hours after the terrifying scene unfolded. 

Images of a defiant Trump have rallied the GOP base and lead to major endorsements from Elon Musk and Bill Ackman.