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<p>The post <a href="https://coinpedia.org/news/is-the-bull-run-starting-key-signs-point-to-a-crypto-surge/">Is the Bull Run Starting? Key Signs Point to a Crypto Surge</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin has <a href="https://coinpedia.org/news/bitcoin-btc-price-is-all-set-to-hit-new-all-time-high-this-week-heres-why/" target="_blank" rel="noreferrer noopener">jumped to $66,716</a> after dropping to $54,000, and other cryptocurrencies like Ethereum and Solana are also indicating a possible bull run. This increase is driven by several factors, including President Joe Biden’s unexpected exit from the 2024 presidential race, suggesting the start of a strong market rally.</p> 
<h2 class="wp-block-heading" id="h-biden-s-exits-from-election">Biden’s Exits From Election</h2> 
<p>Biden’s decision to exit the race, reportedly due to health concerns, has reshaped the political field. Kamala Harris now leads the Democratic charge, adding new dynamics to the presidential race.&nbsp;</p> 
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   <p lang="en" dir="ltr">Biden exited the 2024 presidential race.<br><br>The first sign of a crypto bull run?<br><br>Let's take a look<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>The last 24 hours were crazy:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Biden withdraw from presidential race. High changes are because of health problems.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Kamala Harris is representing Democrats on this race<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/oviTCzDSgc">pic.twitter.com/oviTCzDSgc</a></p>— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1815384078721667271?ref_src=twsrc%5Etfw">July 22, 2024</a>
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<p>Meanwhile, there are rumors that BlackRock CEO Larry Fink could become the next Treasury Secretary if <a href="https://coinpedia.org/news/trump-to-speak-at-the-bitcoin-2024-conference-in-nashville-on-july-27/">Donald Trump wins</a> the presidency. These developments have had immediate and notable effects on the crypto market.</p> 
<h2 class="wp-block-heading" id="h-memecoin-market-surge">Memecoin Market Surge</h2> 
<p>Following the news of Biden’s withdrawal, Bitcoin initially dropped by 2.8% to $65,800 but quickly rebounded to $67,600, marking a 2.7% increase. Meanwhile, Biden’s withdrawal triggered liquidations of $67 million in long positions within 30 minutes, reaching $134.5 million over 12 hours.</p> 
<p>However, the politically themed memecoin market has experienced significant fluctuations. As the Joe Biden-themed memecoin, BODEN, saw a steep decline of 56.8%, while the Kamala Harris-themed memecoin, <a href="https://coinpedia.org/news/joe-bidens-exit-boosts-kamala-harris-meme-coin-to-new-heights/" target="_blank" rel="noreferrer noopener">KAMA, surged by 77.4%</a>.&nbsp;</p> 
<p>The Donald Trump-themed memecoin, MAGA, remained unchanged. Additionally, Solana experienced a 4.6% growth in the past 24 hours</p> 
<h3 class="wp-block-heading" id="h-trader-profits-8-200-on-kama-coin">Trader Profits 8,200% on KAMA Coin</h3> 
<p>One trader notably made an 8,200% profit on KAMA, turning a $960 investment into $77,800 in three weeks. <a href="https://coinpedia.org/news/is-elon-musk-set-to-surprise-the-2024-bitcoin-conference/" target="_blank" rel="noreferrer noopener">Elon Musk added</a> to the market buzz by changing his X profile picture to a laser-eye meme, symbolizing bullish sentiments in the crypto community.</p> 
<h2 class="wp-block-heading" id="h-republican-vs-democratic-wins">Republican vs. Democratic Wins</h2> 
<p>Looking ahead, if the Republican Party wins, <a href="https://coinpedia.org/news/impact-on-the-crypto-market-if-donald-trump-wins-us-presidential-election/" target="_blank" rel="noreferrer noopener">Donald Trump</a>, known for his pro-crypto stance, might push for Bitcoin to become a strategic reserve asset for the U.S. Currently, the U.S. holds 212,800 BTC, valued at about $15 billion, alongside a $600 billion gold reserve. This could lead to increased Bitcoin holdings and a potential bull market.</p> 
<p>If the Democratic Party wins, while they might not establish Bitcoin as a strategic reserve, they are expected to continue building a regulatory framework that supports crypto growth. This year, their acceptance of BTC and ETFs shows their commitment to integrating crypto into the financial system.</p> 
<p>Regardless of who wins the upcoming election, the crypto market is poised for significant changes, possibly heralding a new bull run.</p> 
<p>Read Also: <a href="https://coinpedia.org/price-analysis/top-3-altcoins-poised-for-10x-rally-with-ethereum-etf-launch-today/" target="_blank" rel="noreferrer noopener">Top 3 Altcoins Poised For 10x Rally With Ethereum ETF Launch Today</a></p>

Is the Bull Run Starting? Key Signs Point to a Crypto Surge

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