I think it has something to do with the US campaign; Trump proclaimed himself as a Bitcoin supporter and has an intention of including Bitcoin as a strategic asset if he wins an election. That's when Bitcoin hit the $70k mark.
But the sudden announcement of Kamala Harris as a replacement for Biden, pulled the price down.
I still fail to understand what is the relation between Kamala Harris and the Bitcoin Price. Look, bro, Trump is still there and he will be there. Biden was replaced by Kamala Harris and I don't remember Biden supporting Bitcoin. So, it does not really matter if Biden stays or not. The important thing is Trump is staying and he is a supporter of Bitcoin. I want to believe that the movement did not happen because of the Biden's stepdown.
Bitcoin moved too much in the last 24 hours. I was scrolling Facebook last night and got some notifications from a couple of exchanges and checked that Bitcoin touched the 62K range. I don't know what is new. But it's regained again and Bitcoin is standing at 64.5K again.