Jamie Crawley is a CoinDesk news reporter based in London.
BTC initially slumped after Biden's announcement before recovering to over $68,400 and was trading around $67,450 at the time of writing, 0.7% higher than 24 hours ago. The CoinDesk 20 Index , which measures the broader digital asset market, rose 1.25%. SOL and DOGE led the gains with increases of around 4.3% and 5% respectively.
too high compared to its production cost of $43,000 and any increase is likely to be a short-term one
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