Biden ends reelection bid, Bitcoin edges closer to all-time high

Quiet weekends do happen, but this weekend was anything but quiet. Firstly, Bitcoin has continued its two-week recovery rally, seeing a solid weekly close as it edges within 8% of its March all-time high. But, the weekend’s biggest story threatened to destabilize everything as US President Joe Biden announced his intention to drop out of the presidential race, which, given his anti-crypto stance, is significant for the industry. On top of this, since the last episode of Rise’n’Crypto on Friday, July 19, the launch date for US-based spot Ether ETFs was revealed — and it’s tomorrow, July 23!Further reading:BTC price 8% off all-time high — 5 things to know in Bitcoin this weekBitcoin large sellers 'exhausted' as $67K price holdsBitcoin oversold after German gov’t sell-off — ARK InvestJoe Biden drops out of United States presidential raceWhat we know about Kamala Harris’ views on cryptoGary Gensler will likely resign in 2025 after Biden exit — 10x ResearchEthereum ETFs are coming — Here’s what you need to knowWill UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?So, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.