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.

In One ChartJul 22 08:25 ET

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.

FXStreetJul 22 04:06 ET

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 FinanceJul 22 03:08 ET

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.

BenzingaJul 21 23:47 ET

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 FinanceJul 21 21:59 ET

'Trump Trade' Momentum May Ease in Short-Term -- Market Talk

It looks likely the momentum of so-called "Trump trade" may ease in the short term to reflect changing risks, in the wake ofPresident Biden not seeking re-election, says Shawn Lee, portfolio manager at SG Hiscock & Company.

WSJJul 21 21:47 ET