Bitcoin’s price briefly dropped below the $66k level on Sunday evening following President Biden's unexpected announcement that he is dropping out of the presidential race and endorsing Vice President Kamala Harris.

This sudden political shift has introduced significant uncertainty into the market, causing a ripple effect across the cryptocurrency sector. Investors are now grappling with potential regulatory changes and policy shifts that could arise from a Harris-led administration.

Given the volatile nature of the market and the current political landscape, the outlook for Bitcoin and other cryptocurrencies remains uncertain and fraught with potential risks.