Bitcoin successfully broke through the US$65,000 mark at around 23:00 yesterday (26th) night, hitting a maximum of US$65,831 at midnight, successfully setting the highest price since August 2.
At present, the buying order has weakened. It once fell below 65,000 US dollars in the morning and then pulled back. It was temporarily trading at 65,121 US dollars at the time of writing, up 3.22% in the past 24 hours.
At present, the price trend of Bitcoin is approaching the downward trend line that has not been broken in half a year. It is expected that 66,500~67,000 US dollars will be a pressure. However, at the same time, the trading volume of Bitcoin has not continued to increase, and it is expected that it may consolidate at this price level for a period of time.
It remains to be seen whether there will be a false breakout of the downward trend line and then a retest in the future, or a strong breakout of a big green candle.
Ethereum is relatively weak
Compared with the strength of Bitcoin, Ethereum's trend is relatively weak. It reached a maximum of $2,666 last night and then continued to fall. At the time of writing, it was reported at $2,634, up 2.13% in the past 24 hours.
The entire network’s positions were liquidated to US$134 million in the past 24 hours
Coinglass data shows that in the past 24 hours, the liquidation volume of cryptocurrency contracts across the entire network reached US$143 million, with short orders accounting for the majority of US$95.65 million, and a total of more than 60,000 people were liquidated.
S&P 500 hits new high
As for U.S. stocks, they benefited from the strong economic data released last night: the U.S. second-quarter GDP growth rate was 3%, higher than the average economist's expectation of 2.9%, and the number of people claiming unemployment benefits at the beginning of last week was 218,000. There were 4,000 fewer people than the previous week, the lowest number in four months.
The four major U.S. stock indexes all rose on the 26th:
- The Dow Jones Industrial Average rose 260.36 points, or 0.62%, to close at 42,175.11 points
- The Nasdaq rose 108.09 points, or 0.6%, to close at 18,190.29 points
- The S&P 500 index rose 23.11 points, or 0.4%, to close at 5,745.37 points, reaching a new high
- The Philadelphia Semiconductor Index rose 177.98 points, or 3.47%, to close at 5,310.50 points
