Last night, the current President Biden announced his withdrawal from the election, causing huge market fluctuations. As soon as the news came out, the price of Bitcoin (BTC) quickly jumped to more than $68,000, and investors' FOMO sentiment was high. Biden's withdrawal seems to have increased the possibility of Trump's victory, further boosting the crypto market. However, this change has also brought complex market reactions. Although the expectation of Trump's victory once stimulated trading sentiment in the U.S. stock and bond markets, this emotional trading may be temporarily suspended with the current increased probability of winning. The flash crash and rapid rebound of $BTC Bitcoin last night also reflects the high sensitivity of the market. Next, the market will continue to pay attention to the performance of the U.S. stock and bond markets to assess the long-term impact of Biden's withdrawal from the election.