Joe Biden Definitely Will Not Oppose Trump, Crypto Goes Green
NewYork – The crypto market is moving up today, Monday (22/7/2024) after sukmabola the resignation of US President Joe Biden in the November 2024 US Presidential political contest.
Referring to CoinMarketCap on Monday (22/7/2024) at 10:06 WIB, the crypto market moved stronger. Bitcoin rose 1.01% to US$68,007.74 despite being in the positive zone of 8.76% on a weekly basis
Ethereum was in the green zone 0.42% in the last 24 hours and in a week experienced an appreciation of 5.86%.
Solana strengthened 4.76% daily and in the week rose 19.94%.
Likewise, Dogecoin added 5.81% in the last 24 hours while in the last seven days it jumped 19.03%.
CoinDesk Market Index (CMI), which is an index to measure the market capitalization-weighted performance of the digital asset market, rose 1.13% to 2,674. Open interest appreciated 1.15% to US$68.72 billion.
Meanwhile, the fear & greed index reported by coinmarketcap.com shows the number 64, which shows that the market is in an optimistic phase regarding current economic conditions and the crypto industry.
The crypto market euphoria at the sukmabola start of today’s trading occurred at the same time as US President Joe Biden had submitted his resignation as a candidate for the next US presidency because top Democrats said polls after Trump’s murderous attack showed that he could not beat him.
Not only coins with large capitalization, very silly meme coins have also been observed to experience strengthening.
Reporting from coindesk.com, crypto traders are once again betting on the very serious business of presidential politics through very silly meme coins, including one for US Vice President Kamala Harris whose price more than doubled last Sunday (21 /7/2024).
KAMA coin hit an all-time high of 2.4 cents within minutes of President Joe Biden’s announcement that he would suspend his renomination campaign. With a market capitalization of US$24 million, KAMA is now nearly four times larger than the Biden-inspired BODEN coin, once the ruling cryptocurrency in the so-called PolitiFi. BODEN fell nearly 50% after Biden’s announcement.