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

ETH

ETH/USDT

$1,874.20

-3.89%

$1,874.20

-3.89%

(24s)

24h Volume

$12,439,270,410.82

24h H/L

$1,955.41 / $1,856.88

Change: $98.53 (5.31%)

Long/Short

65.4%

Long: 65.4%Short: 34.6%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,876.02

▼ -0.87%

Volume (24h): -

Resistance Levels

Resistance 3$2,227.28

Resistance 2$2,053.77

Resistance 1$1,912.19

Price$1,876.02

Support 1$1,848.09

Support 2$1,756.91

Support 3$1,702.15

Pivot (PP):$1,918.75

Trend:Sideways

RSI (14):53.7

**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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