Bitcoin
Bitcoin trades at $64K as Biden withdrawal likelihood increases
Bitcoin traded both sides of $64,000 after a pullback from $65,000 on Thursday. The increasing likelihood of Joe Biden withdrawing from the race for US president has taken some of the wind out of BTC’s sails after it briefly reclaimed $66,000 earlier this week. With a second term in the White House for Donald Trump seen as the far more beneficial outcome for the crypto industry, BTC has been buoyed by Biden’s poor performance so far in the campaign, coupled with the assassination attempt on the Republican nominee. The possibility of a Biden withdrawal could mean that crypto trader sentiment has been tempered slightly. BTC is down around 0.9% over the past 24 hours, while the CoinDesk 20 Index (CD20), a measure of the broader cryptocurrency market, fell 1.9%.