YEREVAN (CoinChapter.com) — Bitcoin has surged previous $63,625.08 following important political developments within the U.S. On August 23, Unbiased presidential candidate Robert F. Kennedy Jr. introduced that he’s suspending his marketing campaign and endorsing former President Donald Trump for the 2024 election. The information, together with Federal Reserve Chair Jerome Powell’s statements, has pushed Bitcoin up by 5.33% within the final 24 hours. The buying and selling quantity over the previous 24 hours has additionally elevated by 26.65%, reaching $37,587,155,976.
Robert F. Kennedy Jr. introduced that he’s “suspending” however not terminating his 2024 presidential marketing campaign. Kennedy mentioned he would take away himself from the poll in ten battleground states to keep away from being a “spoiler” for Kamala Harris or Donald Trump. Nonetheless, his title will stay on the poll in most states.
Kennedy expressed issues about “systematic censorship and media control,” which he believes impacted his possibilities of successful. Regardless of suspending his marketing campaign, Kennedy stays on the poll, holding the potential for a contingent election if no candidate secures 270 electoral votes.
“In an honest system, I believe I would have won the election.”
“In my heart, I no longer believe that I have a realistic path to electoral victory in the face of this relentless, systematic censorship and media control, so I cannot in good conscience ask my staff and volunteers to keep working […]”
Ethereum and Solana Surge as Trump and Kennedy Align on Bitcoin
Different main cryptocurrencies additionally noticed features, with Ethereum (ETH) rising 5.36% to $2,753 and Solana (SOL) growing 5.73% to $151. The alignment between Trump and Kennedy on Bitcoin and free speech is notable, as Trump’s pro-Bitcoin stance contrasts with Kamala Harris’s method.
Each Kennedy and Trump have supported Bitcoin, with Trump accepting cryptocurrency donations and selling U.S.-based Bitcoin mining. This endorsement additional highlights the continued give attention to Bitcoin inside the 2024 election panorama.
2024 Election Forecast – Trump vs. Harris on Polymarket
The optimistic momentum prolonged to the U.S. equities market, with the S&P 500, Nasdaq, and Dow Jones gaining 1%, 1.3%, and 1%, respectively.
In the meantime, the Polygon-based prediction market Polymarket has not but mirrored a rise in Trump’s possibilities of successful the election. As of now, Kamala Harris’ odds stand at 49%, up by 2% for the day, whereas Trump’s odds stay regular at 50%.
