Bitcoin reached a new all-time high of around $76,848 in the early morning, and Ethereum also broke through $2,900.
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Bitcoin reached a new high of $76,422 yesterday (7th) and then briefly consolidated, until it started a new round of rallying again in the evening, and reached $76,848 in the early morning, setting a new all-time high again.
Before the deadline, it has slightly retreated to the $76,000 level, and the 24-hour increase has narrowed to 1.08%.
Ethereum has shown a stronger increase than Bitcoin, reaching a high of $2,955 before the deadline, and is currently trading at $2,916, with a 24-hour increase of 4.78%.
$335 million in liquidations across the network in the past 24 hours
According to Coinglass data, during the volatile rally of Bitcoin, there was over $335 million in cryptocurrency liquidations across the network in the past 24 hours (short positions accounted for $209 million), with over 93,000 people being liquidated.
On the other hand, the current open interest in Bitcoin on exchanges has reached a new all-time high of $46.6 billion, which usually suggests the possibility of greater volatility or that a short-term top may have been reached, so investors should be cautious.
The Fed cut interest rates by 25 basis points, and US stocks rose more than they fell
In the US stock market, the Federal Reserve (Fed) announced this morning that it would lower interest rates by 25 basis points to the 4.5% - 4.75% range, in line with market expectations. The Fed emphasized that the risks to achieving the inflation target are roughly balanced, and the labor market conditions have also loosened to a large extent, which has encouraged the rise of US stocks.
- The Dow Jones Industrial Average fell 0.59 points to close at 43,729.34 points
- The S&P 500 index rose 44.06 points or 0.74% to close at 5,973.10 points
- The Nasdaq index rose 286.00 points or 1.51% to close at 19,269.46 points
- The Philadelphia Semiconductor Index rose 118.42 points or 2.27% to close at 5,333.99 points
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