Biden’s Announcement Not to Run Again Causes Volatility in Crypto Market, Leading to $2.7M ETH Long Position Liquidation

ETH

ETH/USDT

$2,022.85

+1.74%

$2,022.85

+1.74%

(24s)

24h Volume

$6,206,664,490.61

24h H/L

$2,046.60 / $1,979.99

Change: $66.61 (3.36%)

Long/Short

72.1%

Long: 72.1%Short: 27.9%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,020.29

▲ 1.38%

Volume (24h): -

Resistance Levels

Resistance 3$2,383.03

Resistance 2$2,199.02

Resistance 1$2,082.07

Price$2,020.29

Support 1$2,016.97

Support 2$1,936.48

Support 3$1,747.80

Pivot (PP):$2,016.97

Trend:Downtrend

RSI (14):44.4

**Biden’s Announcement of Not Running for Re-Election Causes Volatility in Crypto Market**

President Biden’s recent announcement that he will not be running for re-election has sparked significant volatility in the cryptocurrency market. The news triggered a wave of reactions among investors, leading to notable price fluctuations. One investor faced a dramatic loss as their $2.7 million ETH long position was liquidated when the price of Ethereum dropped to $3491.97. This event highlights the sensitive nature of the crypto market to major political developments and the stakes involved for investors navigating these turbulent waters.

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