Bitcoin suddenly fell sharply this morning (25th), reaching a low of $42,500, while Ethereum fell to a low of $2,245. In the past 24 hours, the total amount of liquidations in the cryptocurrency market has exceeded $160 million, with over 78,000 investors being liquidated.
(Prior Summary:
Bitcoin becomes the “second best-performing asset globally in 2023”! Nvidia rises 241% and surpasses BTC.
)
(Background Supplement:
Wall Street giant VanEck predicts “Bitcoin will reach a new all-time high within a year”! All BTC spot ETF applications will be approved together.
)
Table of Contents:
Ethereum holds at $2,200
Mixed performance among the top ten cryptocurrencies
Total liquidations exceed $160 million in the past 24 hours
Bitcoin (BTC) continued to fluctuate narrowly between $43,400 and $44,000 over the weekend, but suddenly fell to around $42,500 this morning (25th).
As of the deadline, it is reported at $42,882, a decrease of 1.83% in the past 24 hours.
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BTC Spot Price | Source: Binance
The trend of Ethereum (ETH) is similar to Bitcoin, falling to a low of $2,245 this morning (25th). As of the deadline, it is reported at $2,262, a decrease of 1.65% in the past 24 hours.
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ETH Spot Price | Source: Binance
CoinMarketCap data shows that SOL, BNB, and AVAX among the top ten cryptocurrencies have increased by 1-2% in the past 24 hours. The rest of the tokens have experienced synchronous declines along with Bitcoin, with ADA experiencing the largest decrease of 3.02% in the past 24 hours.
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According to Coinglass data, the total amount of liquidations in the cryptocurrency market has exceeded $160 million in the past 24 hours, with over 78,000 investors being liquidated. Due to the sharp decline in BTC this morning, the majority of the liquidations were long positions (nearly 70%).
Among the liquidated cryptocurrencies, BTC ranked first with $32.84 million, while ETH ranked third with $21.86 million.
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Ethereum
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