Bitcoin fell below 68,000, and Ethereum fell below $3,800! DOGE, SHIB flameout

Bitcoin broke through $70,000 late Friday night, setting another all-time high. Over the next two days, it continued to challenge this high, even reaching $69,910 yesterday evening. However, this high was not sustainable.

It has continued to fluctuate downwards in the past 12 hours. Earlier at about 08:45, BTC's lowest pin touched 66,944. At the time of writing, it has not yet reached US$68,000.

Ethereum once fell below $3,800

As for Ethereum (ETH), the decline was even more dramatic, after hitting a maximum of $3,964 yesterday evening , also fluctuated downwards, falling to $3,721 earlier. It was now trading at $3,823 at the time of writing, down 1.64% in the past 24 hours.

The top ten cryptocurrencies all fell

According to data from CoinMarketCap, all the top ten cryptocurrencies fell in the past 24 hours trend. Among them, Dogecoin (DOGE) and Shiba Inucoin (SHIB) suffered the most significant declines, falling by more than 7% and 8% respectively. Other coins fell between 3% and 6%.

The entire network liquidated 300 million US dollars in the past 24 hours

BTC failed to break through 70,000 US dollars and reversed downwards. Coinglass data shows that in the past The amount of liquidated positions in the cryptocurrency market exceeded US$300 million in 24 hours, and more than 113,000 people were liquidated. This shows that there are still many investors holding lurking breakout orders.

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