News Explorer — Bitcoin Price Volatility After Biden Dropout Prompts Liquidation Spike

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Jul 21, 10:08 pm

Decrypt

Bitcoin Price Volatility After Biden Dropout Prompts Liquidation Spike

The announcement of Joe Biden dropping out of the 2024 presidential election caused a temporary dip in the price of Bitcoin and other top cryptocurrencies. Bitcoin fell from $67,453 to $65,884 within 30 minutes, prompting sales. However, the prices quickly rebounded, with Bitcoin reaching a high of $68,284 and Solana hitting its highest price in two months.

The announcement of Joe Biden dropping out of the 2024 presidential election caused a temporary dip in the price of Bitcoin and other top cryptocurrencies. Bitcoin fell from $67,453 to $65,884 within 30 minutes, prompting sales. However, the prices quickly rebounded, with Bitcoin reaching a high of $68,284 and Solana hitting its highest price in two months.

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