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

ETH

ETH/USDT

$1,654.15

-8.06%

$1,654.15

-8.06%

(24s)

24h Volume

$21,429,529,394.20

24h H/L

$1,799.88 / $1,625.78

Change: $174.10 (10.71%)

Long/Short

80.2%

Long: 80.2%Short: 19.8%

Funding Rate

-0.0024%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,686.95

▼ -4.73%

Volume (24h): -

Resistance Levels

Resistance 3$1,972.59

Resistance 2$1,819.18

Resistance 1$1,709.53

Price$1,686.95

Support 1$1,666.66

Support 2$1,601.95

Support 3$1,449.54

Pivot (PP):$1,709.53

Trend:Downtrend

RSI (14):15.5

**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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