Bitcoin fell briefly after the United States released poor economic data last week. On Saturday, it broke through the pressure of $60,000 again, but failed to continue to rise after the highs fluctuated.
It started to fluctuate and fall in the early morning of today (16th). At the time of writing, it fell below US$58,500, down 3.05% in the past 24 hours, and all gains over the weekend have been given back.
The trend of Ethereum is even more depressing than that of Bitcoin. After oscillating within a narrow range for a long time, it fell below US$2,300 this morning. At the time of writing, it was trading at US$2,272, down 6.32% in the past 24 hours.
The entire network’s positions were liquidated to US$152 million in the past 24 hours
Against the background of Bitcoin's decline, according to Coinglass data, in the past 24 hours, the liquidation amount of cryptocurrency contracts across the entire network reached US$152 million, of which long positions accounted for US$133 million, accounting for the bulk, and a total of more than 52,000 people were liquidated.
Judging from the liquidation map, the current Bitcoin price has liquidation intensity of tens of millions of dollars within a thousand dollars or less. It may go up or down in the short term. Investors are advised to be careful.
Key economic events this week: The Federal Reserve will announce its interest rate decision
This week, major central banks including the United States, the United Kingdom, and Japan will hold policy-making meetings, among which the decision-making of the U.S. Federal Reserve has received the most attention from the market.
9/17 (Tue)
- United States: August retail sales, forecast 0.2%, previous value 1.0%
9/18 (Wednesday)
- Eurozone: Consumer Price Index (CPI) in August, forecast 2.2%, previous value 2.6%
9/19 (Thursday)
- United States: The FOMC meeting will decide the direction of interest rates, the previous value was 5.50%
- Taiwan: Interest rate decision (third quarter), previous value 2.000%
- UK: Interest rate decision (September), last value 5.00%
- United States: Initial Jobless Claims
9/20 (Friday)
- Japan: Interest rate decision, last value 0.25%
