Bitcoin hovered around the $64,000 mark, retracting from Thursday’s high of $65,000. The mounting probability of Joe Biden exiting the presidential race has tempered Bitcoin’s recent surge, which saw it briefly touch $66,000 earlier this week. The prospect of a second Trump administration, perceived as more favorable to the crypto industry, had buoyed BTC. Biden’s faltering campaign, compounded by the assassination attempt on the Republican nominee, has subdued the cryptocurrency’s momentum. Bitcoin has declined approximately 0.9% in the last 24 hours, while the CoinDesk 20 Index (CD20), representing the broader crypto market, fell by 1.9%.

On the Indian exchange WazirX, Bitcoin and Shiba Inu traded at significant discounts following an attack by a hacker linked to North Korea. The BTC/INR pair plummeted 22% in the past day, in contrast to a mere 2% drop on other local platforms. Similarly, the SHIB/INR pair saw a 30% decline. WazirX’s native token, WRX, has nosedived 40% since the breach. The hacker siphoned off $230 million from WazirX, converting the majority into ether, as tracked by Lookonchain. As of Friday morning, the exploiter held over 59,097 ETH, worth $200 million, alongside an additional $15 million in various altcoins.

Read more: Mt. Gox Bitcoin Sell-Off Impacts Market; Ether ETFs Anticipated to Drive New Flows

The global internet outage, triggered by a botched CrowdStrike software update, has led to the creation of numerous crypto tokens themed after the cybersecurity firm and the notorious Microsoft “Blue Screen of Death” (BSOD) error. This outage has disrupted businesses worldwide, from airlines to stock exchanges. Despite this, no crypto-related companies have reported service interruptions. Capitalizing on trending news to issue tokens is a niche strategy within the crypto market, often profitable for early adopters before their value dissipates.

Bitcoin has largely oscillated within a range this week, influenced by the continued Mt. Gox supply and declining equities. QCP Capital interprets this as the market stabilizing. The firm anticipates a significant breakout as the U.S. elections approach, with volatility easing as BTC returns to its familiar range of $61,000 to $71,000.

According to FxPro senior market analyst Alex Kuptsikevich, certain Bitcoin indicators suggest the asset is not overbought and that sentiment remains far from euphoric, indicating potential for near-term gains.