Former U.S. President Joe Biden was recently diagnosed with aggressive prostate cancer, a development that has garnered significant attention. While the diagnosis raises questions about his health and political future, financial markets have remained largely unaffected by the news. Notably, cryptocurrencies like Bitcoin continued to trade within normal ranges, highlighting their resilience in facing such announcements. 7 8 Biden’s office announced the diagnosis on May 18, 2025, and the former president is currently working with medical professionals to determine the best treatment plan. Former President Donald Trump expressed his support for Biden’s recovery on Truth Social, while political colleagues have shared their well-wishes. The diagnosis has sparked discussions surrounding Biden’s health and potentially impacts on his ability to perform his duties as president, however financial markets have shown no immediate reaction that could be directly linked to the news. 10 Experts point out that historical trends show that major health announcements involving U.S. Presidents often impact traditional markets but have little effect on crypto assets. This resilience is attributed to the fact that cryptocurrency markets are largely self-contained and influenced by independent factors like technology, innovation, and adoption rather than government policies or market volatility triggered by political news.