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

ETH

ETH/USDT

$2,409.98

-0.49%

$2,409.98

-0.49%

(24s)

24h Volume

$12,798,742,685.28

24h H/L

$2,429.00 / $2,356.41

Change: $72.59 (3.08%)

Long/Short

61.8%

Long: 61.8%Short: 38.2%

Funding Rate

+0.0049%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,408.60

▲ 0.70%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,566.53

Resistance 1$2,463.25

Price$2,408.60

Support 1$2,339.51

Support 2$2,252.80

Support 3$2,178.30

Pivot (PP):$2,392.44

Trend:Uptrend

RSI (14):62.3

**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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