Bitcoin hits $59,000 after breaking through 69,000! 310,000 people liquidated their positions to US$1.18 billion

At about 23:00 Beijing time last night, Bitcoin reached a maximum of $69,080, setting a new record high again after 846 days (November 10, 2021). Unexpectedly, as soon as the selling pressure broke through the new high, there was a large amount of selling pressure, and it began to fluctuate and fall rapidly. At around 03:45 in the morning, the lowest level reached $59,000, and it plummeted by $10,000 overnight.

However, after hitting 59,000, BTC has rebounded. At the time of writing, it is trading at $63,940. Investors are advised to be cautious due to the current violent fluctuations.

Ethereum once exceeded US$3,800

The fluctuations in Ethereum (ETH) were even more severe. After the highest price exceeded US$3,800 last night, the lowest price in the morning reached US$3,179. It was currently trading at $3,584 at the time of writing, down 0.91% in the past 24 hours.

The top ten tokens generally fell

CoinMarkeCap ​​data shows that the top ten currencies have all fallen in the past 24 hours. The biggest declines and rises were DOGE and SHIB, which fell by more than 18% and SHIB respectively. 13%, and other tokens also fell by about 5~10%.

The entire network liquidated $1.18 billion in the past 24 hours

Bitcoin prices soared and then fell sharply. Coinglass data shows that in the past 24 hours, more than 1.18 billion US dollars have occurred in the global cryptocurrency market. The $1.18 billion liquidation event resulted in the liquidation of more than 315,000 people, and the situation was chaotic.

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