Bitcoin has been falling from the level of US$60,000 since around 10 o'clock last night. At the time of writing, the lowest price was US$52,430, the largest drop in the past six months. At the time of writing, it was trading at US$53,474, a drop of 11.9% in the past 24 hours.
CoinMarkeCap data shows that the other top ten tokens have generally fallen in the past 24 hours. The largest decline was BNB, which reached 16.05%. Others such as SOL, XRP, DOGE... also fell by 10 to 15%.
The entire network was liquidated to US$710 million in the past 24 hours
According to Coinglass data , in the past 24 hours, the amount of cryptocurrency liquidation across the entire network reached US$710 million, of which long positions were liquidated at US$620 million, short positions were liquidated at US$96.03 million, and a total of 191,903 people were liquidated.
