Bitcoin 's falling trend continued last night, and it quickly hit $58,378 at around 4 o'clock this morning (25th), hitting the lowest level in nearly two months.
At the time of writing, it rebounded to US$60,372, and the decline in the past 24 hours narrowed to 4.16%.
Ethereum did not fall below its previous low
As for Ethereum, although the fluctuations were similar to Bitcoin, it did not fall below yesterday afternoon's new low of $3,212 this morning. At the time of writing, it rebounded to $3,347, down 2.13% in the past 24 hours.
Are Altcoin unable to fall?
It is worth noting that CoinMarkeCap data shows that the other top ten coins have been mixed in the past 24 hours. SOL and TON bucked the trend and rose 2.75% and 0.62%.
Although BNB, XRP, and DOGE have also fallen, their declines in the past 24 hours have been smaller than that of Bitcoin. It seems that there is an Altcoin that has been unable to fall. Signs of an early rebound need to be continuously observed.
The entire network liquidated US$360 million in the past 24 hours
Amid the violent fluctuations in Bitcoin's market, according to data from Coinglass, in the past 24 hours, the entire cryptocurrency network's liquidation amount exceeded US$363 million (longs accounted for US$290 million), and nearly 90,000 people were liquidated.
