Bitcoin, after experiencing a major volatility surge the day before (15th), last night broke through $68,000 while fluctuating upwards before 20:00. However, selling pressure then surged, and as of the time of writing, it is temporarily reported at $67,676, up 0.61% in the past 24 hours.
If the main force wants to continue washing the plate, it is possible that it will retest the previous low of $67,130. If it cannot quickly pull back, and then plunges again to $66,800, it may mean that the upward trend will change, so investors should be careful about the risks.
Ethereum, on the other hand, is a bit weaker. Last night, it also followed Bitcoin's rise, but quickly returned to the $2,600 level and continued to fluctuate. As of the time of writing, it is temporarily reported at $2,618, down 0.07% in the past 24 hours.
Four major US stock indices fell together
On the US stock market, the Dow Jones Industrial Average closed at a new high on the 16th, with financial stocks leading the rise, perhaps because investors believe that changes in the interest rate environment will be more favorable for financial institutions to profit. Morgan Stanley surged 6.5% to a new high. At the same time, the market seems to be continuing to withdraw from large-cap stocks and turning more to favor small-cap stocks.
- S&P500 index rose 27.21 points (+0.47%) to 5,842.47 points
- Dow Jones Industrial Average rose 337.28 points (+0.79%) to 43,077.70 points
- Nasdaq index rose 51.49 points (+0.28%) to 18,367.08 points
- Philadelphia Semiconductor Index rose 10.65 points (+0.21%) to 5,155.86 points
Over $125 million in liquidations across the network in the past 24 hours
According to data from Coinglass, during the volatile Bitcoin market, over $125 million in cryptocurrency liquidations occurred across the network in the past 24 hours, with nearly 47,000 people being liquidated.
