After Bitcoin rebounded above US$55,000 yesterday (6th), it once exceeded US$57,000 near two o'clock this morning (7th). Unfortunately, there was a slight shock and decline under selling pressure. At the time of writing, Bitcoin was trading at US$56,277 in the past 24 hours. up 0.84%.
Ethereum fluctuates within a narrow range at $2,500
Ethereum's partial trend is slightly weaker than that of Bitcoin, and it currently continues to challenge to stay above US$2,500. As of this writing, it is currently trading at US$2,459, down 3.12% in the past 24 hours.
All four major U.S. stock indexes rise
After the panic selling the previous day, some investors began to enter the market at low prices. With Federal Reserve officials and Wall Street successively expressing comfort, the market's worries about economic recession seemed to have eased. The four major U.S. stock indexes all closed higher at the end, ending three consecutive losses. TSMC ADR rose 2.6% and Nvidia rose 3%.
- The Dow Jones Industrial Average rose 294.39 points, or 0.76%, to close at 38,997.66
- The S&P 500 rose 53.70 points, or 1.04%, to close at 5,240.03
- The Nasdaq rose 166.78 points, or 1.03%, to close at 16,366.86 points
- The Philadelphia Semiconductor Index rose 48.12 points, or 1.06%, to close at 4,567.57 points
However, Stifel chief equity strategist Barry Bannister believes it is too early to return to the U.S. stock market, sticking to his forecast that the S&P 500 will fall to 5,000 points by October. In general, the market currently has both long and short voices regarding whether this correction has ended. Investors are advised to pay attention to the risks.
The entire network liquidated nearly $176 million in the past 24 hours
According to data from Coinglass, in the past 24 hours, the amount of cryptocurrency liquidation across the entire network was approximately US$176 million, and more than 55,000 people were liquidated. Compared with yesterday's data, the data was more moderate.
