Markets
Bitcoin trades at $64,000 as likelihood of Biden withdrawal increases
Bitcoin traded on each side of $64,000 after a $65,000 decline on Thursday. The growing likelihood of Joe Biden withdrawing from the US presidential race has taken some of the wind out of BTC’s sails after briefly recovering to $66,000 earlier this week. With a second term in the White House for Donald Trump seen as the most beneficial outcome for the crypto industry, BTC has been boosted by Biden’s poor performance so far in the campaign, coupled with the attempted assassination of the Republican candidate. The possibility of Biden withdrawing could mean that sentiment among crypto traders has been tempered slightly. BTC has fallen by around 0.9% over the past 24 hours, while the CoinDesk 20 Index (CD20), a measure of the broader cryptocurrency market, fell 1.9%.