Biden's withdrawal led to significant market turmoil, with $67M in leveraged positions liquidated post a sharp 2.3% Bitcoin price drop. However, Bitcoin quickly recovered to $68,480, causing losses for leveraged shorts.
News on Trump's election odds is perceived positively for crypto as he is viewed as pro-crypto. Liquidations on July 21 totaled $134.5M, impacting major assets like Bitcoin, Ethereum, and Solana.
#cryptocurrency-market-turbulence #bidens-withdrawal #market-recovery #liquidations #political-impact-on-cryptocurrency
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