United States President Joe Biden’s exit from the presidential elections helped Bitcoin price stage a brief recovery, despite creating additional market uncertainty.
On July 21, Biden announced that he was dropping out of the United States 2024 presidential race.
initially declined, but staged a nearly 1.5% recovery during the same day, reaching a daily high of $68,364, marking an over one-month high, according to Bitstamp data.
The outcome of the US elections could have significant implications on the crypto industry in the world’s largest economy and regulatory consequences in other parts of the world.
The Bitfinex analysts also noted that Biden’s exit from the presidential race could be perceived as “neutral to slightly negative in the short term,” due to the uncertainty regarding potential policy changes.
The outcome of the US elections could have significant implications on the crypto industry in the world’s largest economy and regulatory consequences in other parts of the world.
The Bitfinex analysts also noted that Biden’s exit from the presidential race could be perceived as “neutral to slightly negative in the short term,” due to the uncertainty regarding potential policy changes.
Additionally, the platform seems to have maintained engagement levels in recent months by processing an average of 7.1 transactions per second. This is most likely because the World App helps simplify everyday crypto interactions, focusing on the essential functions of Worldcoin and Ethereum in particular.
Users can authenticate their identity with World ID, execute global transactions, engage in crypto token swaps, and access Worldcoin Grants in many areas.
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