Bitcoin

<ul><li>Santiment reported Biden’s withdrawal caused a crypto dip, showing the impact of political events on market volatility.</li><li>Similar market behavior occurred with recent news about Trump, and Bitcoin rebounded after Biden’s announcement.</li><li>BTC could reach $72K if bullish trends continue; it’s stable above $66K with strong trading volume and upward momentum.</li></ul>Renowned analytical platform Santiment <a href="https://x.com/santimentfeed/status/1815289234720514290" rel="noopener noreferrer nofollow">reported</a> that President Biden&#39;s withdrawal from the upcoming US presidential election caused a minor panic drop in cryptocurrency prices. This reaction highlights the sensitive relationship between major political events and the volatility of the crypto market.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXceHIfCVTmBlcwWv9_OiSu2dNhAZrIfbre8JTTC0LXe80YhTML2yj-_2wNIp3FMaPzm-OX_rJGFg_9TBK467DtGNPqBIjsH4ba1VyFcpdVYi3WPOM8pAbNdTo8fPHuhE6p0Nrk33jwQGlmyeOtZOOFonDDd?key&#61;IPj2yGsfMSDfm2oF3XyfhA" />According to platform analysis, a similar market behavior was observed two weeks ago when news broke of an attempted assassination on former President <a href="https://cryptotale.org/ripple-cto-spots-donald-trumps-extraordinary-luck-to-escape-death/" rel="noopener noreferrer nofollow">Donald Trump</a>, resulting in a comparable dip in prices. However, during the closing hours of Sunday, the crypto market quickly rebounded from the initial drop following Biden&#39;s announcement, leading to notable volatility at the start of the week.<a href="https://cryptotale.org/bidens-withdrawal-sparks-crypto-panic-highlights-markets-political-sensitivity/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Biden's Withdrawal Sparks Crypto Panic, Highlights Market's Political Sensitivity

CryptoTale

Other articles published on Jul 23, 2024

$14,000 ETH ATH Could Be Set for ETH Price Following ETH ETF Launch, Silver-Tongued Analyst Expla...

Impossible Cloud Network Reveals Strategic Roadmap for Decentralized Cloud Platform

Bitwise becomes 1st US ETF to post Ethereum addresses

Solana-Based Jupiter Sparks Controversy for Collaborating with Irene Zhao

Crypto: Altcoins in Free Fall, Bitcoin Holds Strong

Wintermute Fundraising Aims For $200-300 Million With Tencent: Report

Join our free newsletter for daily crypto updates!