Bitcoin fluctuates after Biden's decision

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Bitcoin fluctuates after Biden's decision

Bitcoin has been on a volatile course after US President Joe Biden announced that he is withdrawing his candidacy for the elections to be held on November 5. US President Joe Biden announced that he is withdrawing his candidacy in the presidential elections. The leading cryptocurrency Bitcoin (BTC) fluctuated after this decision. Bitcoin, which exceeded the $ 67,000 level today and saw its highest level in the last month, declined immediately after the announcement. BTC experienced a $ 1,000 drop in the last minutes to $ 67,340. However, it started to rise again afterward. Bitcoin had recovered in recent weeks after Former President Trump announced his support for the crypto industry and stated that he wanted BTC to be "made in America." Standard Chartered analysts said last month that the US presidential election would be the next major catalyst for Bitcoin's price and that if Trump wins, the price could rise to $ 150,000 by the end of the year.