What does Biden's withdrawal mean for the global financial markets?

USA current President Joe Biden announced that he will not seek re-election, and supports Vice President Kamala Harris as the Democratic candidate. This news was released at a critical moment less than four months before the November election, which may exacerbate the instability of Wall Street.

Zhitong Finance16minutes ago

Biden's withdrawal leads to bullish sentiment in the cryptocurrency market! Crypto may become the biggest winner of the "Trump trade".

If Trump takes office again, those bitcoin miners and crypto companies that have been blocked from listing in the US may become big winners in the digital asset field.

Zhitong Finance21:59 ET

NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.

Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.

wallstreetcnJul 20 04:58 ET

Why did Bitcoin rise amidst the hot market speculation of 'Trump Trade'?

The probability of Trump's victory is increasing, which favors risk assets such as bitcoin. Especially when the latest Republican campaign agenda mentioned that if Trump comes to power, the crackdown on cryptos will end, greatly boosting the confidence of the cryptos market.

wallstreetcnJul 16 08:25 ET

Bitcoin and related stock Price Jumps After Shooting of Pro-Crypto Trump. Here's Why

By George Glover Bitcoin's price was surging in early-morning trading on Monday as markets reacted to the assassination attempt on former U.S. President Donald Trump. The token, which is the largest

Barron'sJul 15 05:06 ET

Supporting cryptos! Trump will attend the Bitcoin conference in 2024.

According to the organizers, former President Trump will give a speech at the upcoming bitcoin conference later this month, emphasizing his growing support for the crypto industry.

Zhitong FinanceJul 11 01:13 ET