Joe Biden Stepped Back from Election; Affecting Crypto Market

On July 21, Joe Biden, a major contender in the US elections, announced that he would not seek re-election.

Despite ending his re-election campaign, Biden confirmed that he would continue to serve as president until January.

Vice President Kamala Harris expressed her gratitude for Biden's endorsement and emphasized her commitment to uniting the country.

Donald Trump has surged ahead in the polls and was officially confirmed as the Republican nominee at the party's convention in Milwaukee.

Biden's decision to withdraw from the election has had a notable impact on the cryptocurrency market.

Following Biden's announcement, BTC saw an impressive spike of 1.26%, whereas ETH recorded a slight drop of 1.13%.

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