Short squeeze! Bitcoin soared to 66,500, Ethereum topped $2,600, and US stocks Dow Jones and S&P 500 hit new highs

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Bitcoin continued to surge after breaking through $63,000 yesterday. It has experienced multiple rapid fluctuations and breakthroughs of important windows, and reached as high as $66,500 around 7 AM this (15th) morning, testing the previous high at the end of September once again.

At the time of writing, it has slightly retreated, currently trading at $65,961, up 5.34% in the past 24 hours. Will it successfully break through the previous high after the fluctuations? Or will it first pull back? Time will tell.

As for Ethereum, ETH also broke through $2,600 at the same time, and is currently trading at $2,623, up 6.07% in the past 24 hours.

Over $240 million in liquidations across the network in the past 24 hours

According to data from Coinglass, in the midst of Bitcoin's volatile market, the total amount of cryptocurrency liquidations across the network exceeded $240 million in the past 24 hours (short positions accounted for $208 million), with nearly 66,000 people being liquidated.

Dow Jones, S&P 500 hit new highs

In the US stock market, despite the inflation data released last week exceeding market expectations, investor confidence does not seem to be greatly affected, as the Dow Jones and S&P 500 indices both closed at new record highs.

  • The S&P 500 index rose 44.82 points or 0.77% to close at 5,859.85
  • The Dow Jones Industrial Average rose 201.36 points or 0.47% to close at 43,065.22
  • The Nasdaq Composite index rose 159.75 points or 0.87% to close at 18,502.69
  • The Philadelphia Semiconductor Index rose 96.27 points or 1.8% to close at 5,432.21.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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