After Bitcoin climbed as high as $61,419 yesterday afternoon, buying failed to continue its rise. At 10 o'clock last night, Bitcoin quickly plunged below the 60,000 mark again, hitting a minimum of $58,541 near 0 o'clock.
It was currently trading at US$59,054 at the time of writing, down 2.29% in the past 24 hours. All gains made during the day yesterday have been given back.
Mt. Gox transferred 12,000 BTC this morning
To make matters worse, according to Arkham data , the Mt. Gox address transferred 12,000 BTC to a new address at close to 8 o'clock today, which is now worth approximately US$707 million. It is likely that another transfer for repayment will again bring selling pressure to the market.
The four major U.S. stock indexes closed in the red
The market is currently waiting to see the minutes of the U.S. Federal Reserve's meeting to be released on Wednesday, as well as Chairman Powell's speech at the Jackson Hole annual meeting. Investors are cautious, and the U.S. stock market opened lower on the 20th:
- The Dow Jones Industrial Average fell 61.56 points, or 0.15%, to close at 40,834.97 points
- The S&P 500 fell 11.13 points, or 0.20%, to close at 5,597.12 points
- The Nasdaq fell 59.83 points, or 0.33%, to close at 17,816.94 points
- The Philadelphia Semiconductor Index fell 70.27 points, or 1.33%, to close at 5,196.3 points
Ethereum holds on to $2,550
The trend of Ethereum is similar to that of Bitcoin. It touched as low as $2,550 last night. At the time of writing, it was trading at $2,578, down 3.31% in the past 24 hours.
The entire network liquidated $117 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$117 million, and more than 39,000 people were liquidated. However, overall, the current fluctuations seem to be within the range of investment expectations, and the scale of liquidation is not particularly large. .
