As usual we might as well see some ups and downs if it's going to touch the $11k just like how it did last month. On the other hand, Trump's tweet seems like a little connected to the market so, this is just one of the factors that could affect the price of Bitcoin. Corona virus is just a given reason if someone wants to make a move to the market although it didn't actually make any effect on the market but with the influencers getting COVID is just a downer.
It is in this context that we can say that politics determines everything.
I have to agree with this, considering the volume of Bitcoin adoption in the US that has been affected by any political events. As much as I don't want to believe that Bitcoin has no correlation with politics, but I guess everything is correlated with politics specially in the US now. Even the popular athletes has engaged into politics.
Entrepreneurs, investors, and other financial business related people might as well engage into politics, thus affecting stocks and Bitcoin.
The Trump tweet and his Covid positive news that causes negative effect on Bitcoin price seems didn't stayed long, and Btc is back on track at $11,000.
Politics do not determine "everything" most of the time but it does and also should determine many major things.
We are talking about a whole idea of a nation changing, lets take USA for example because everyone knows USA and their own nation, so we can pick USA for global example; In USA if Trump wins there is a right wing conservative and against progress agenda that will continue, obviously they will decline that they do not want new things, but this is the party that wants to be in the 60's and that is why I do not think it will be great for small business and workers, but the stock market could be better considering those companies will make profit thanks to right win capitalist ideas.
Opposite for Biden, he would have people more progressive in his team and that may make workers and small business earn more but make huge companies pay more taxes as well. So in the end it affects economy deeply depending on winners.