Biden ends reelection bid, Bitcoin edges closer to all-time high

Rise’n’Crypto

Quiet weekends do happen, but this weekend was anything but quiet. Firstly, Bitcoin has continued its two-week recovery rally, seeing a solid weekly close as it edges within 8% of its March all-time high. But, the weekend’s biggest story threatened to destabilize everything as US President Joe Biden announced his intention to drop out of the presidential race, which, given his anti-crypto stance, is significant for the industry. On top of this, since the last episode of Rise’n’Crypto on Friday, July 19, the launch date for US-based spot Ether ETFs was revealed — and it’s tomorrow, July 23!
Further reading:

• BTC price 8% off all-time high — 5 things to know in Bitcoin this week
• Bitcoin large sellers 'exhausted' as $67K price holds
• Bitcoin oversold after German gov’t sell-off — ARK Invest
• Joe Biden drops out of United States presidential race
• What we know about Kamala Harris’ views on crypto
• Gary Gensler will likely resign in 2025 after Biden exit — 10x Research
• Ethereum ETFs are coming — Here’s what you need to know
• Will UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?

So, grab yourself a coffee, and let’s get into it!

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