Biden withdraws from the race! Bitcoin pin fell below 66,000 and then shot up to $68,500, and Ethereum broke through 3,550

This site (120BtC.coM): Breaking news at two o’clock midnight today (22nd), Biden announced his withdrawal from the 2024 presidential election and expressed his support for Vice President Harris Harris. After the news was exposed, the market may not have figured out what happened, and Bitcoin once reached $65,764 due to risk aversion.

But soon, investors may have thought that Trump, who showed a friendly attitude toward cryptocurrencies, had a higher chance of being elected, so the currency price quickly reversed and climbed. Just before nine o'clock this morning, BTC reached a maximum of 68,482 The U.S. dollar hit a 40-day high.

Ethereum once exceeded $3,550

Although the trend of Ethereum is close to that of Bitcoin, after hitting a low of $3,411 at midnight, it hit a maximum of $3,563 earlier. It was trading at US$3,534 at the time of writing, up 0.78% in the past 24 hours.

Performance of the top ten tokens

Other top ten tokens also generally rose. The biggest increase was SOL, which rose 5.3% in the past 24 hours and exceeded $180. BNB, DOGE, and ADA also experienced increases of 1 to 5% respectively.

In the past 24 hours, the entire network liquidated more than 164 million U.S. dollars.

Amidst the plunge and rise of Bitcoin, according to Coinglass data, in the past 24 hours, the entire network liquidated cryptocurrency liquidation exceeded 164 million U.S. dollars, with more than 56,000 People were liquidated (longs accounted for about $100 million).

Will the Ethereum spot ETF really be listed on 7/23?

Another event that may bring greater fluctuations to the market this week is that the Ethereum spot ETF may be officially listed on 7/23. At present, the official website of the Chicago Board Options Exchange (Cboe) has shown that a total of five Ethereum spot ETFs, including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton, have been added, and they are expected to be open for trading on July 23.

Although analysts previously believed that it would not bring as much new funds and attention as when the Bitcoin spot ETF was passed, it is still worth noting.

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