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Biden's Withdrawal Triggers Bitcoin Selloff and Rebound -- Market Talk
Bitcoin experienced a brief selloff and a rebound following President Biden's withdrawal from the U.S. presidential race, while the dollar is slightly weaker, Swissquote Bank senior analyst Ipek Ozkardeskaya says.
Bitcoin, Ethereum Hold Steady, Dogecoin Spikes As Biden Bows Out Of Presidential Race: King Crypto Might Have A Chance To Reclaim $71.5K, Forecasts Analyst
Bitcoin and Ethereum consolidated, while Dogecoin rose as President Joe Biden announced his withdrawal from the 2024 presidential race.
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.
Biden's Odds Of Finishing Term Drop Sharply On Crypto Prediction Market, Coin Themed After President Bleeds 60%
The odds of President Joe Biden finishing his tenure dropped dramatically on a cryptocurrency-based prediction market as the 81-year-old announced withdrawal from the 2024 presidential race.
As Asia opens, the market remains calm. Gold has increased while bitcoin quickly rose after a small drop.
Last night, Biden announced his withdrawal from the race, and the US stock market performed mediocrely. The yield gap of US Treasury bonds expanded, and the gold index rose, while the bitcoin price also rose. Asian stock markets opened lower, with the TOPIX and KOSPI indexes falling.
Three Things to Watch for Week Ahead: US PCE Inflation; ETH ETF; Tesla and Alphabet Earnings
A low PCE figure this Friday will signal that the Fed is effectively in the clear to commence its easing cycle, with a September rate cut looking highly likely.
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