Bit reached a low of $90,986 last night at 9:30 pm, and then embarked on another round of gains, reaching a new all-time high of $93,880 near 3 pm today (20th). However, selling pressure then emerged, and Bit quickly plummeted more than $2,500, falling back to around $91,300.
As of the editorial deadline, BTC is temporarily reported at $92,052, up 0.97% in the past 24 hours.
Over the past 24 hours, the entire network was liquidated for $288 million
Amid the volatile fluctuations in Bit, according to data from Coinglass, over the past 24 hours, the total amount of cryptocurrency liquidations across the network reached $288 million, with $178 million in long positions and $110 million in short positions being liquidated, affecting over 105,000 people.
Most US stocks rose
Wall Street is currently focused on the upcoming earnings report from AI chip leader NVIDIA, which will be released in Taiwan on Thursday morning. The 4 major US stock indices closed higher on the 19th.
- The Dow Jones Industrial Average fell 120.66 points or 0.28% to close at 43,268.94 points
- The S&P 500 index rose slightly by 23.36 points or 0.4% to close at 5,916.98 points
- The Nasdaq Composite index rose 195.66 points or 1.04% to close at 18,987.47 points
- The Philadelphia Semiconductor Index rose 30.39 points or 0.62% to close at 4,919.16 points
Cathie Wood: Bit has a very long way to go above $90,000
As for the situation of Bit surging and then retreating again. Cathie Wood, the founder of Ark Capital and the "Goddess of Stocks", recently stated that although Bit has already broken through the historical high of $90,000, in her view, Bit is still far from its price target and still has a very long way to go:
We believe we still have a long way to go, even though Ark was the first asset management company to invest in Bit at $250 in 2015.
In our base case assumptions, our target is for Bit to reach $650,000 by 2030; in a bull market, Bit could reach between $1 million and $1.5 million.
