rush! Bitcoin exceeded 66,000 Mg, Ethereum hit 2,728 Mg, and ARKB’s net inflow reached a new high

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The cryptocurrency market continues its upward trend, and it is increasingly possible to break the curse of September's bullish decline . Bitcoin successfully broke through the US$66,000 level at around 22:00 yesterday (27th) night, reaching a maximum of US$66,498, setting the highest price in the past two weeks.

It fell back before the deadline, temporarily trading at $65,905.57, up 1.2% in the past 24 hours and 11.5% in the past month. Compared with the performance of Bitcoin, Ethereum appears to be stronger. It broke through US$2,700 in the early morning of this morning and reached a maximum of US$2,728.6. Currently, the buying order has weakened. At the time of writing, it was quoted at US$2,694.19, up 2.47% in the past 24 hours.

The top ten currencies are all rising

Against this background, CoinGecko data shows that the other top ten tokens have jumped across the board in the past 24 hours:

  • BNB once touched $614.7, an increase of 0.9%, and is now at $606.76;
  • SOL once touched $161.01, an increase of 2.3%, and is now at $158.42;
  • DOGE once touched $0.1277, an increase of 5.7%, and is now trading at $0.1245;
  • TON once touched $6.11, an increase of 4.3%, and is now trading at $6.01;

The entire network was liquidated to US$120 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$120 million, with short orders accounting for the majority of US$81.85 million, and a total of more than 56,000 people were liquidated.

ARKB net inflow reaches new high

As Bitcoin exceeded $66,000, the Bitcoin spot ETF has had net inflows for 6 consecutive days. According to data from Farsidein Vestors, Ark Investment's ARKB net inflow reached US$203 million yesterday, setting a record high for the ETF; Fidelity's FBTC had a net inflow of US$123.6 million. In the absence of data released by BlackRock IBIT, the net inflow of the U.S. Bitcoin Spot ETF yesterday reached $383.6 million.

Dow Jones hits new high

As for U.S. stocks, the four major indexes had mixed gains and losses, with the Dow Jones Index reaching a new high:

  • The Dow Jones Index rose 137.89 points, or 0.33%, to close at 42,313 points, setting a new high
  • The Nasdaq fell 70.7 points, or -0.39%, to close at 18,119.59 points
  • The S&P 500 index fell 7.2 points, or -0.13%, to close at 5738.17 points
  • The Philadelphia Semiconductor Index fell 93.275 points, or -1.76%, to close at 5217.227 points

It is worth mentioning that, according to IntoTheBlock data , the correlation between Bitcoin and U.S. stocks reached its highest level in two years this week, a level second only to the peak in the second quarter of 2022.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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