The overall condition of the crypto market shifted dramatically with the increased likelihood of Donald Trump becoming the next US President. His pro-crypto stance has made him highly appealing within the crypto community, garnering substantial support from prominent crypto influencers and key figures.
The latest market surge is linked to another significant event affecting the upcoming November election. In recent weeks, Joe Biden’s chances of continuing his campaign as the Democratic candidate have dwindled due to health concerns and other issues.
Biden recently announced his withdrawal and endorsed his Vice President, Kamala Harris. With Biden out of the race, Donald Trump’s chances of returning to the White House have risen. As with previous significant events, the crypto market has responded positively, marked by green candles.