#Biden's budget proposal aims to limit mining activity. It might subject #crypto miners in the US to a 30% #tax on electricity bills. This goes into effect after Dec 31 and be phased in over 3 years at a rate of 10% each year, rising to top tax 30% by 3rd year

#coingabbar

BREAKING NEWS ‼️ 🚨‼️ 🚨‼️
Bitcoin's price dropped $2,000 in minutes after President Joe Biden ended his 2024 election campaign, citing it was in the best interest of his party and the country. The announcement came amid health concerns and calls for his withdrawal from the democratic party. However, Bitcoin quickly recovered most of its losses and returned to nearly $67,000. This event highlights the significant impact of political developments on Bitcoin's price, following a similar trend after Donald Trump's assassination attempt last weekend.
$BTC $ETH $BNB
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,#DonaldJTrump
the former president of the United States and a candidate for the 2024 elections, pledged to support the cryptocurrency industry,
contrasting sharply with President #JoeBiden , whom he criticized for lacking understanding of cryptocurrencies.
#Trump , who previously opposed cryptocurrencies but changed his stance after leaving office, even announced his willingness to accept cryptocurrency donations for his campaign.
He emphasized this support during a meeting with NFT investors,
indicating his intention to facilitate crypto donations for his campaign.
Additionally, Trump criticized #Biden's administration for its anti-crypto stance, vowing to prevent the crypto sector from leaving the USA and insisting on the importance of keeping it within the country's borders.

"Potential Crypto Bull Run Triggered by Biden's Exit

The recent news of President Biden's withdrawal from the 2024 presidential race has sent shockwaves through the crypto market. Key developments include:

- Biden's exit due to health concerns
- Kamala Harris taking his place as the Democratic candidate
- BlackRock CEO Larry Fink potentially becoming Treasury Secretary under Trump

Market reactions have been significant, with:

- Bitcoin experiencing a brief 2.8% drop followed by a 2.7% recovery
- Memecoins seeing drastic price swings
- Solana gaining 4.6% in the last 24 hours

Looking ahead, the crypto market
#ETH_ETFs_Trading_Today #BidenSupportsGensler #BidenCryptoCritique #Biden's