🚨🚨🚨🤯Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls.

The general possibility of a crypto-friendly government coming into power is bumping sentiment among professional traders, one firm said.

Bitcoin briefly surged above $68,000, driven by positive U.S.

election predictions, before settling around $67,500 during early Asian trading hours on Monday.

The broader crypto market, as represented by the CoinDesk 20 index, saw a 1.25% increase.

President Biden’s announcement of not running in the upcoming election was seen as potentially favorable for the digital asset industry, regardless of the election outcome, among some traders.

Bitcoin BTC briefly rose above $68,000, before falling to $67,500, at the start of Asian trading hours Monday as bullish sentiment largely rose among traders driven by a favorable U.S. election outlook.

Majors rose higher driven by $BTC strength. Ether $ETH briefly crossed $3,500, Cardano’s ADA and Solana’s SOL added as much as 5%, while dogecoin $DOGE jumped more than 8% before paring gains.

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