Bitcoin continued to fluctuate within a narrow range close to US$61,000 yesterday (18th) until the Federal Reserve announced a two-digit interest rate cut at 2 a.m., then it moved up and down within three hours, briefly breaking through US$61,000 and then falling rapidly. .
However, after regaining a foothold at US$60,000, Bitcoin started a wave of rapid gains after 6 o'clock earlier. At the time of writing, it reached a maximum of US$62,397, up 4.08% in the past 24 hours, hitting the highest price since the end of August.
BTC trend. Source: OKX The trend of Ethereum is close to that of Bitcoin, but the increase is slightly weaker. At the time of writing, the highest price was $2,394, up 3.52% in the past 24 hours.
The entire network liquidated US$186 million in the past 24 hours
In the context of Bitcoin's rise, according to Coinglass data, in the past 24 hours, the liquidation amount of cryptocurrency contracts across the entire network reached US$186 million, of which short positions accounted for US$110 million, accounting for the bulk, and a total of more than 67,000 people were liquidated.
However, strictly speaking, this morning's liquidation data is not particularly serious. Perhaps investors have taken heeding in advance, or their liquidation price has not yet been reached. Please be careful that the fluctuations will be further amplified.
U.S. stocks retreat after rising higher
After the Federal Reserve announced a 2-cent rate cut, U.S. stocks pulled sharply during the session, but this may be because Fed Chairman Jerome Powell emphasized at the press conference that there is no rush to relax monetary policy, saying that a two-digit rate cut is not the new normal, or that investment Investors were worried about the risk of market recession, and all four major indexes closed in the black.
- The Dow Jones Industrial Average fell 103.08 points, or 0.25%, to close at 41,503.1 points
- The Nasdaq fell 54.76 points, or 0.31%, to close at 17,573.3 points
- The S&P 500 index fell 16.32 points, or 0.29%, to close at 5,618.26 points
- The Philadelphia Semiconductor Index fell 52.81 points, or 1.08%, to close at 4,859.29 points
