Biden's exit just means that Trump will win. Imo, that's the key takeaway I can gather from Biden's withdrawal from the race. Now, we all know that Trump has been pro-crypto since the start of his presidential campaign and it's no longer a case of "if" but "when". When he wins and executes on his promises, that's when we would see the real impact of Trump's presidency on crypto. If the policies he puts in place are as expected, more institutions and folks with big bucks will be attracted to crypto and that would aid price discovery to the higher highs.
with Biden withdrawing from the US presidential candidacy, this provides a big opportunity for Trump to win, because this is indeed an opportunity for Trump to have more freedom in holding his campaign and gives hope of winning in the presidential election because his competitor has withdrawn, but with this big news it emphasizes that the crypto market often reacting to news that has the potential to affect global economic stability, creating uncertainty in markets including the crypto market I think because investors are looking for security in an uncertain situation, crypto fans can look forward to more of Trump's plans regarding crypto and determining the future impact of a deep understanding of factors influencing the crypto market.