Biden’s exit from the presidential race helped Bitcoin recover, but analysts expect the decision to cause more uncertainty in the crypto market.
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.
Following the news, Bitcoin (BTC) 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.
