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

ETH

ETH/USDT

$1,930.97

+0.69%

$1,930.97

+0.69%

(24s)

24h Volume

$15,764,184,570.61

24h H/L

$1,937.17 / $1,835.36

Change: $101.81 (5.55%)

Long/Short

75.8%

Long: 75.8%Short: 24.2%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,903.05

▼ -1.39%

Volume (24h): -

Resistance Levels

Resistance 3$2,148.57

Resistance 2$2,063.45

Resistance 1$1,976.06

Price$1,903.05

Support 1$1,889.43

Support 2$1,746.27

Support 3$1,285.50

Pivot (PP):$1,891.86

Trend:Downtrend

RSI (14):38.0

**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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