Breaking news at 2:00 midnight today (22), 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.
However, soon, investors may have believed that Trump, who has shown a friendly attitude towards cryptocurrencies, has a higher chance of being elected, so the price of the currency quickly reversed and climbed. At close to 9 o'clock this morning, BTC reached a maximum of $68,482, setting a record The highest level recorded in 40 days.
Ethereum briefly 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 high of $3,563 earlier. It was trading at US$3,534 as of press time, up 0.78% in the past 24 hours.
Top 10 Token Performance
Other top ten tokens also generally rose, with the biggest increase being SOL, which rose 5.3% in the past 24 hours to exceed $180. BNB, DOGE, and ADA also experienced increases of 1 to 5% respectively.
The entire network liquidated over US$164 million in the past 24 hours
As Bitcoin plunges and then rises, according to Coinglass data , in the past 24 hours, the entire cryptocurrency network has liquidated more than 164 million U.S. dollars, and more than 56,000 people have been liquidated (longs accounted for about 100 million U.S. dollars).
Will the Ethereum spot ETF really be listed on July 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. Currently, the official website of the Chicago Board Options Exchange (Cboe) has shown that a total of 5 Ethereum spot ETFs have been added: VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton, and they are expected to be open for trading on July 23.
Although analysts previously believed that it would not bring as much new money and attention as the passage of the Bitcoin spot ETF, it is still worth noting.
