Federal Reserve Chairman Jerome Powell spoke yesterday (17th), acknowledging that recent economic data showed a lack of progress in combating inflation, suggesting that the timing of an interest rate cut may be postponed to a later date.
Investment sentiment was affected by tensions in the Middle East and the hawkish Federal Reserve. The four major U.S. stock indexes closed in the black with shock last night, and the sell-off in April intensified.
- The Dow Jones Industrial Average fell 45.66 points, or 0.12%, to close at 37,753.31 points.
- The Nasdaq fell 181.88 points, or 1.15%, to close at 15,683.37 points.
- The S&P 500 index fell 29.2 points, or 0.58%, to close at 5,022.21 points.
- The Philadelphia Semiconductor Index fell 153.22 points, or 3.25%, to close at 4,567.31 points.
Bitcoin once fell below 60,000 mg
Perhaps affected by the decline in U.S. stocks, the price of Bitcoin once fell below the 60,000 mark at zero, hitting a minimum of $59,632. However, it soon returned to the level of $61,000 and fluctuated. As of this writing, it is currently trading at $61,367, down 3.47% in the past 24 hours.
Ethereum seeks to regain $3,000
The trend of Ethereum is the same as that of Bitcoin, with a minimum of $2,914 at zero point. As of the time of writing, it is trying to get back above $3,000.
CoinMarkeCap data shows that other top ten coins have also generally fallen in the past 24 hours. The biggest decline was TON, which fell by 6.61%. It once fell below the $6 mark, and its market value was once again overtaken by Dogecoin, but the two were very close.
The entire network liquidated US$230 million in the past 24 hours
When BTC once fell below 60,000, according to Coinglass data , in the past 24 hours, the entire cryptocurrency network liquidated more than 230 million US dollars, and more than 75,000 people were liquidated.
