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Bitcoin Briefly Tops $68K Amid Biden's Withdrawal From Presidential Race: What's Next?
Financial markets, including currencies, shares, cryptocurrencies, and commodities, are poised to react to US President Joe Biden's withdrawal from the 2024 presidential race. Wall Street and European markets may face increased volatility.
Bitcoin ETF has seen inflow of funds for four consecutive weeks, and the market is waiting for Trump's speech at the heavyweight cryptos conference this week.
Bitcoin ETF has received inflow of funds for the fourth consecutive week, with a total inflow of more than $3.1 billion in four weeks. Harris has not publicly commented on her views on cryptos, but if her position is similar to Biden's, traders may continue to believe that Trump is more favorable to the industry. Media reports suggest that Trump may propose to list bitcoin as a strategic reserve asset at this week's bitcoin conference.
CleanSpark Options Spot-On: On July 22nd, 113.81K Contracts Were Traded, With 688.69K Open Interest
On July 22nd ET, $CleanSpark(CLSK.US)$ had active options trading, with a total trading volume of 113.81K options for the day, of which put options accounted for 25.3% of the total transactions, and
Crypto Rests After Another Rise
The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday.
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.
Trump-Themed MAGA Coin Plunges 8% As Joe Biden Quits Presidential Race
The U.S. political landscape saw tectonic shifts as incumbent Joe Biden dropped out of the 2024 presidential contest against his arch-rival Donald Trump.
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