Bitcoin continued to fluctuate within a narrow range around US$63,000 over the weekend that just ended, and after hitting US$62,356 at 6 o'clock this morning (23), it soared to US$64,048, performing a double kill for both longs and shorts.
Immediately after 8 o'clock earlier, it fell to 62,500 yuan again and then rose rapidly, leaving a long lower shadow. The fluctuations within three hours were quite violent. At the time of writing, Bitcoin has returned to $63,782, challenging the $64,000 mark.
Ethereum breaks through $2,600
The trend of Ethereum is close to that of Bitcoin, and it is also flushing up and down. At the time of writing, it has successfully exceeded US$2,600, with a maximum of US$2,614.
The entire network liquidated US$134 million in the past 24 hours
Coinglass data shows that in the past 24 hours, the liquidation volume of cryptocurrency contracts across the entire network reached US$134 million, with long orders accounting for the majority of US$93.21 million, and a total of more than 54,000 people were liquidated.
But overall, the liquidation data is not particularly serious. It seems that investors do not have a very clear judgment on the future direction at this key price level. Most people still wait and see.
Market focus this week
9/23 (Monday)
- United States: Manufacturing PMI in September, previous value 47.9
- United States: Services PMI in September, previous value 55.7
9/24 (Tue)
- Australia: September interest rate decision, previous value 4.35%
- United States: Conference Board consumer confidence in September, previous value 103.3
9/25 (Wednesday)
- US: New Home Sales in August, previous value 739K
- United States: Crude oil inventories, previous value -1.630M
9/26 (Thursday)
- United States: Second quarter gross domestic product (GDP), forecast 3.0%, previous value 1.4%
- Switzerland: Third quarter interest rate decision, previous value 1.25%
- United States: Initial Jobless Claims
- United States: Federal Reserve Chairman Powell speaks
9/27 (Friday)
- United States: August core PCE price index (compared to the same period last year), previous value 2.6%
- United States: August core PCE price index (compared to previous month), previous value 0.2%
