Donald Trump is reportedly close to receiving an endorsement from a leading independent candidate, which could significantly impact the outcome of the upcoming November election.

On Wednesday, Bitcoin experienced a 4% surge, climbing back to $61,550, fueled by speculation that Robert F. Kennedy Jr. might soon withdraw from the 2024 U.S. Presidential race to endorse Trump.

This development has reinforced Trump's position as a favorite among betting markets to win the November election. Analysts believe this could have substantial short-term effects on Bitcoin’s price.

According to ABC News, Kennedy is expected to withdraw from the race by the end of the week, with sources indicating that he will endorse Trump. When approached, Kennedy neither confirmed nor denied these reports. His running mate, Nicole Shanahan, recently hinted in a podcast that they are facing a tough decision about whether to throw their support behind Trump.