After Bitcoin rebounded yesterday (7th) and once stood at US$57,000, it may have been affected by the decline in the opening of US stocks. It began to fluctuate and fall after 9:30 last night. It fell to a low of US$54,563 at more than 6:00 this morning (8th).
At the time of writing, it rebounded slightly and is currently trading at $53,312, down 1.91% in the past 24 hours.
Ethereum holds on to $2,300
Ethereum's decline is even greater than that of Bitcoin, and it currently continues to challenge to stay above $2,300. As of this writing, it is currently trading at $2,361, down 4.15% in the past 24 hours.
Jump Trading continues to liquidate Ethereum
According to the analysis of analyst Ember , market maker Jump Trading seems to be continuing to sell Ethereum. On the evening of the 7th, Jump Trading transferred another 11,500 ETH to the exchange and continued to apply to redeem 19,049 stETH into ETH. The selling pressure Shadows fell.
All four major U.S. stock indexes fell
U.S. stocks failed to recover after "opening higher and then lowering" last night. The four major indexes all closed in the black, with chip technology stocks leading the decline. Nvidia's stock price even fell by more than 5%, falling below the $100 mark.
- The Dow Jones Industrial Average fell 234.21 points, or 0.60%, to close at 38,763.45 points
- The S&P 500 index fell 40.53 points or 0.77% to close at 5199.50 points
- The Nasdaq index fell 171.05 points or 1.05% to close at 16195.80 points
- The Philadelphia Semiconductor Index fell 141.30 points or 3.09% to close at 4426.27 points
The entire network liquidated over 200 million US dollars 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$205 million, and more than 69,000 people were liquidated. Compared with yesterday, the data fluctuated even more.
