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Bitcoin Price Shakes as President Biden Drops Out of 2024 Presidential Race, Endorses Kamala Harris
The price of Bitcoin plummeted on Sunday, as President Joe Biden announced his withdrawal from the 2024 White House race.
When the news broke, BTC dropped from $67,453 to $65,884 in an instant, before recovering to $66,893 at the time of publication.
Bitcoin has surged in value in recent weeks after former President Trump declared his support for the cryptocurrency industry, saying he wants BTC to be “made in America.”
Now, President Biden He says is endorsing Vice President Kamala Harris as a candidate to challenge Trump, a person who has apparently never made any public statements about Bitcoin or cryptocurrencies.
“Dear 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 very first decision as the party’s nominee in 2020 was to choose Kamala Harris as my running mate. And it was the best decision I ever made. Today, I want to offer my full support and endorsement of Kamala as our party’s nominee this year. Democrats, it’s time to unite and beat Trump. Let’s do it.”
Biden withdrew due to widespread concerns about his apparent mental decline after his disastrous debate performance a few weeks ago.
In total, 37 Democrats in Congress have publicly pressured Biden to withdraw before today’s news.
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