The price of the most prominent cryptocurrency, Bitcoin, rose by more than $1,900 per unit to $68.1 thousand, after US President Joe Biden announced his withdrawal from the upcoming US presidential election race.

Earlier on Sunday, US President Joe Biden announced his withdrawal from the US presidential election race, scheduled for November 5.

By 06:35 GMT, the price of one Bitcoin unit rose by 1.9 percent, or $1,900, to $68.1,000, according to CoinMarketCap, a cryptocurrency price tracker.