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 Finance03:08 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 Finance21:59 ET

Stock Futures Inch Higher, but Biden's Withdrawal Adds to Increasingly Uncertain Outlook for Markets

President Joe Biden has officially dropped out of the race for president, injecting even more uncertainty into the outlook for markets at an increasingly critical juncture.

MarketWatch20:52 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

Small-Cap Crypto Stars: TeraWulf, Hut 8 Surge Over 40% YTD

In a remarkable display of resilience and growth, TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have emerged as standout performers in the small-cap crypto mining sector, each delivering

BenzingaJul 18 15:06 ET

Institutions Profited After Hut 8 Corp.'s (NASDAQ:HUT) Market Cap Rose US$406m Last Week but Individual Investors Profited the Most

Key Insights Hut 8's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public The top 25 shareholders own 39% of the

Simply Wall StJul 18 14:40 ET