Bitcoin
Bitcoin Price Wobbles as President Biden Drops Out of 2024 Presidential Race, Endorses Kamala Harris
Bitcoin’s price dropped on Sunday as President Joe Biden announced he was dropping out of the 2024 race for the White House.
When the news broke, BTC dropped from $67,453 to $65,884 in an instant before recovering to $66,893 at press time.
Bitcoin has rallied in recent weeks after former President Trump declared his support for the cryptocurrency industry, stating that he wants BTC to be “made in America.”
Now, President Biden it says he is endorsing Vice President Kamala Harris as a candidate to take on Trump — someone who appears to have never made a public comment about Bitcoin or cryptocurrencies.
“My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.
My first decision as the party’s nominee in 2020 was to choose Kamala Harris as my vice president. And it was the best decision I’ve ever made. Today, I want to offer my full support and endorsement for Kamala to be our party’s nominee this year. Democrats — it’s time to come together and defeat Trump. Let’s do this.”
Biden dropped out amid widespread concerns about his apparent mental decline after a disastrous debate performance a few weeks ago.
A total of 37 Democrats in Congress had publicly pressured Biden to drop out before today’s news.
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