After Biden withdrew from the election, the cryptocurrency circle was bullish, and Musk changed his profile picture to "Laser Eyes"

The Bitcoin market experienced a brief plunge after Biden announced his withdrawal from the election, but then quickly recovered, showing the market's resilience. The market's digestion of this news caused Bitcoin prices to fluctuate, but soon the price stabilized at around $68,000. Tesla CEO Elon Musk even changed his profile picture to celebrate, a move that could be interpreted as an optimistic attitude towards the prospects of the Bitcoin market.

Market sentiment and expectation adjustment: The news of Biden's withdrawal from the election prompted market participants to reassess the future policy environment, especially considering the policy changes that may be brought about if Trump is re-elected. The market began to adjust the previous "Trump trade" layout based on the policy expectations of the Biden administration, and some traders and investors held their coins to wait and see or adjusted their asset allocation to adapt to the potential political wind shift.

Increased policy uncertainty: Biden's withdrawal has increased political uncertainty, especially the impact on traditional assets such as the US dollar and US Treasuries, as well as risky assets such as cryptocurrencies. State Street and other institutions believe that Biden's withdrawal from the election may lead to a short-term negative reaction for the US dollar as the market begins to digest the possibility of Trump's victory, and Trump's policy stance is often considered to have its own unique impact on the market.

Changes in investor behavior: As major Democratic donors turn to support Harris, market observers may analyze how these changes indirectly affect the cryptocurrency market from the perspective of capital flows. Changes in the flow of political donations reflect investors' and fund managers' expectations of future policy orientations, which may affect their risk preferences and asset allocation strategies, including investment in cryptocurrencies. #拜登退选 #比特币大会 #美国大选如何影响加密产业？ #币安7周年 $BTC $ETH