According to ChainCatcher, 10x Research released a market analysis report pointing out that it had mentioned in the report on June 25 that "Bitcoin is severely oversold". Currently, three market reversal indicators have turned bullish. The approval of the Ethereum ETF has been postponed to around July 8, postponing the date of Sell The News. Biden performed poorly in the presidential debate, and the market is optimistic about Trump's victory, which has boosted the price of Bitcoin.
Bitcoin rose 4% as US President Biden refused to allow other Democratic candidates to compete against former President Trump. Biden's family is reportedly supporting his re-election campaign, as is every Republican, and the market view is that Biden's chances of defeating Trump in the November election seem slim. Polls show that even if Biden drops out of the race soon, another candidate, such as California Governor Gavin Newson, will lose to Trump.
