**News Flash: Biden's Exit Shakes Crypto Markets**

In a surprising turn, President Joe Biden announced he won't seek a second term, sending shockwaves through the markets. Bitcoin initially dipped 2.8% but rebounded over 3.6% within hours, according to TradingView.

Analysts are split on the impact. eToro's Josh Gilbert sees Biden's exit as a "win for crypto," citing Trump's pro-crypto stance. Trump has pledged to end Biden's "war on crypto" if re-elected.

However, Swyftx's Pav Hundal advises caution, noting the market's recent surge might be driven by Ethereum ETF speculation, not political shifts. The Future Fund's Gary Black also warns against assuming a Trump victory is certain.

Stay tuned as the crypto landscape evolves.