🇺🇸 The news of Joe Biden's rejection of the democratic representation in the upcoming US election led to an immediate small panic drop in crypto prices.
Though wildly different circumstances, the news of the Trump attempted assassination from 2 weeks ago caused a similar price pattern. Throughout the closing hours of Sunday, prices quickly bounced after an initial drop, and are now quite volatile to start the week.
Expect for Biden's endorsement of Kamala Harris as a signal that any news of her or other potential replacement candidates will be consistently trending topics that impact crypto. Regardless of your own vested interest (or indifference) to US politics, social volume of these major topics continue to prove fragile correlations with speculation-driven cryptocurrency prices.
#Biden_Out_BTC_Up #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
