Amid debt ceiling and recession concerns, the US Presidential race is beginning to heat up, and Bitcoin and crypto is a part of the conversation.

A few years ago, that thought might even have been unfathomable. Not that it’s all good news coming from the Democratic side of the aisle and from US regulators, mind. Far from it, in fact.

More than a few of them in the halls of power over there have shown themselves to be openly hostile to crypto for one reason or another.

US President Joe Biden, for instance, whom we’re pretty sure probably isn’t a Bitcoin, Ethereum or frog memecoin Pepe investor, pretty much just slammed crypto traders at the G7 forum in Japan.

Amid banging on about the differences of opinions of current Republicans and Democrats, Biden, using his favoured well-worn, stale, go-to phrase, said:

“Let me be clear… I’m not going to agree to… a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans.”

“It’s time for Republicans to accept that there’s no bipartisan deal to be made solely on their partisan terms,” Biden said.

 

RFK Jr is still talking up Bitcoin

Meanwhile, at 69 – the perfect crypto meme age and a positive youngster compared with the current octogenarian president – Robert F Kennedy Jr is actually a 2024 Democratic Presidential Candidate who apparently likes Bitcoin.

He’s certainly gunning for younger votes here (which makes some political sense, of course) when he revealed a couple of days ago at the Bitcoin 2023 conference at Miami that his campaign would be accepting Bitcoin for political donations.

He even pledged that, if elected president, he would “ensure the United States remains the global hub of Bitcoin”.

“Remains”… it’s definitely in danger of losing that status if Biden and co. retain power.

Also gunning for the Bitcoin vote is 37-year-old Republican presidential contender Vivek Ramaswamy, who revealed at the Bitcoin 2023 confernence:

“Just announced we’re officially accepting bitcoin donations. Give $1. Let’s make the 2024 election a referendum on fiat currency.”

 

Top 10 overview

With the overall crypto market cap at US$1.17 trillion, down about 1% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Well then, Bitcoin has lost its US$27.2k support level yet again, which doesn’t bode particularly well if you’re not looking forward to slightly lower levels according to some traders.

As ever, at the moment, though, perhaps patience is the name of the game in this “boring year”, according to some…

 

Uppers and downers

Some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

PUMPERS (11-100 market cap position)

• Render (RNDR), (market cap: US$896 million) +4%

• TRON (TRX), (market cap: US$6.78 billion) +4%

• Huobi (HT), (market cap: US$477 million) +1%

• ApeCoin (APE), (market cap: US$1.27 billion) +1%

 

PUMPERS (lower, lower caps)

• Rollbit Coin (RBT), (market cap: US$139 million) +42%

• Bob Token (BOB), (market cap: US$46 million) +37%

• Turbo (TURBO), (market cap: US$53 million) +31%

 

SLUMPERS

• Pepe (PEPE), (market cap: US$666 million) -8%

• Injective (INJ), (mc: US$535 million) -7%

• GMX (GMX), (mc: US$518 million) -6%

 

SLUMPERS (lower, lower caps)

• Milady Meme Coin (LADYS), (market cap: US$48 million) -30%

• Dejitaru Tsuka (TSUKA), (mc: US$308 million) -21%

• ORDI (ORDI), (mc: US$218 million) -20%

 

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

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