After Bitcoin fell below 50,000 US dollars twice yesterday (5th), the market was originally worried that BTC would continue to decline as the US stock market opened in the evening. However, the market was always unexpected. Instead, it began to decline after 21:30 last night. It has risen, reaching $55,658 at the moment of writing, and the decline in the past 24 hours has narrowed to about 3%.
Extended reading: Why did Bitcoin fall below $50,000? Analysts reveal 6 reasons behind
Ethereum breaks through $2,500
The trend of Ethereum is close to that of Bitcoin. It also started to rise after the opening of US stocks last night. The author has rebounded to above US$2,500, and the decline in the past 24 hours has narrowed to about 4.5%.
Top 10 Token Performance
The declines in other top ten tokens have also converged, with SOL bucking the trend and rising 1.09% in the past 24 hours.
The entire network liquidated US$250 million in the past 12 hours
According to data from Coinglass, in the past 12 hours, the amount of liquidated cryptocurrency positions across the entire network was approximately US$257 million, which is much lower than yesterday's amount. However, there are still many people who intend to take advantage of the decline in U.S. stocks to liquidate their positions. (Short positions liquidated by $160 million in the past 12 hours).
