3 weeks ago
US statesmanlike campaigner Robert F. Kennedy Jr. announced his determination to retreat from the 2024 statesmanlike contention and endorse erstwhile President Donald Trump during a property league successful Arizona connected Aug. 23.
The announcement, combined with Fed seat Jerome Powell’s bullish code earlier successful the day, caused Bitcoin (BTC) to surge 2.5% successful the past hr and retake the $63,500 terms level.
The flagship crypto was trading astatine $63,750 arsenic of property time, up astir 6% implicit the past 24 hours, based connected CryptoSlate data.
Endorsing Trump
RFK said helium has decided to endorse Trump due to the fact that helium supports escaped speech, the children, and ending the warfare successful Ukraine. Notably, the 2 are besides aligned successful their enactment for Bitcoin and the integer plus industry.
RFK said during that helium precocious met Trump and his household successful Florida, wherever they agreed to articulation forces. RFK besides revealed that helium made attempts to scope Vice President Kamala Harris, but she refused to conscionable him.
RFK said his run would not extremity but would beryllium suspended successful cardinal jurisdictions. The code came a fewer minutes aft his run declared successful a filing with the Pennsylvania tribunal that helium was endorsing Trump.
Kennedy has requested to beryllium removed from the Pennsylvania ballot pursuing his withdrawal from the Arizona ballot connected Aug. 22.
Despite withdrawing from the race, RFK Jr. remains connected the ballot successful respective reddish and bluish states. His strategy hinges connected the anticipation of a contingent election, which could hap if neither large enactment candidate, specifically Harris oregon Trump, secures the indispensable 270 electoral votes, resulting successful a 269-269 tie.
In specified a scenario, the predetermination would beryllium decided by the House of Representatives, wherever RFK Jr. could theoretically presumption himself arsenic a compromise candidate, perchance starring to an unexpected way to the White House.
Markets proceed affirmative momentum
Bitcoin’s important surge was mirrored by different large cryptocurrencies, including Ethereum (ETH) and Solana (SOL). ETH climbed 1.8% successful a fewer minutes aft the Pennsylvania filing became public, reclaiming the $2,700 area, portion SOL is nearing the $150 aft a 2.6% surge.
The quality besides sustained the momentum successful the US equities market, arsenic the S&P 500, Nasdaq, and Dow Jones are up by 1%, 1.3%, and 1%, respectively.
However, the Polygon-based prediction marketplace Polymarket has yet to amusement a affirmative displacement toward Trump’s likelihood of winning the elections. At the clip of writing, Kamala Harris’ likelihood are astatine 49% aft climbing 2% connected the day, portion Trump’s person called to 50%.
The station Bitcoin surges past $63k arsenic Robert F. Kennedy Jr. withdraws and endorses Trump appeared archetypal connected CryptoSlate.
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