After Biden has been declared the winner of the US presidency, there's a lot of uncertainty regarding to crypto's (and the mainstream economy) behavior during the next 4 years. At times, it's been shown that crypto prices move either up or down depending on certain events in the mainstream world. Some people say that in a Democratic administration, the stock market (and crypto too) will experience a constant uptrend in price. Others say the contrary when Republicans are in power. Since 2020 has been filled with uncertainty, anything could happen in the following months.
The uncertainty will come after he made an announcement that he is against Cryptocurrency, I'm sure, the administration team will do a study of Cryptocurrency if it is beneficial to everybody, and of course it is beneficial, we should not speculate this early, the market is bouncing back we must not feed negative on it, we'll wait for his announcement while waiting, it's business as usual for us.