The price of Bitcoin plunged rapidly as the U.S. stock market opened yesterday evening (1st), reaching a low of $62,280 at 1:00 midnight. However, it soon started a V-turn and rebounded, breaking through $64,000 after the U.S. stock market closed, reaching its highest level earlier. Breaking above $65,500.
At the time of writing, it is currently trading at US$65,392, up 0.85% in the past 24 hours. The drop last night has been fully replenished.
From a daily perspective, Bitcoin quickly fell below $62,300 in mid-July last night and then quickly recovered. It seems that the main force has successfully collected chips again. If it can continue to stand above $64,000 and the U.S. stock market no longer collapses, it may be possible to challenge the $70,000 mark again in a short time.
Ethereum breaks through $3,200
Part of the trend of Ethereum is close to that of Bitcoin. After the lowest price of $3,078 at midnight, it rebounded to $3,209 at the time of writing, down 0.86% in the past 24 hours.
Top 10 Token Performance
Most of the other top ten tokens also fell. The biggest decliners were XRP and DOGE, which fell 4.49% and 2.91% respectively in the past 24 hours. The only one that bucked the trend and rose was ADA, which rose 0.33% in the past 24 hours.
In the past 24 hours, nearly US$300 million has been liquidated across the entire network
According to data from Coinglass, in the past 24 hours, the amount of cryptocurrency liquidation across the entire network was approximately US$291 million, and more than 100,000 people were liquidated, which was more than double yesterday’s amount (long positions were liquidated to nearly US$231 million).
