US President Joe Biden announced the end of his campaign for a second term. This led to a sharp drop in the prices of meme coins associated with his campaign and a slight decrease in Donald Trump's chances on Polymarket.

Vice President Kamala Harris has emerged as a leading contender for the 2024 Democratic nomination. Biden supported her in his statement.

The price of the BODEN meme coin has almost halved, while KAMA has doubled in price. TREMP, a coin associated with Trump, is up 20%. Bitcoin initially fell below $66,000, but then recovered above $67,000.

The 2024 presidential elections will take place in November.