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Bitcoin falls below $60,000: 75,000 people liquidated
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Beijing Business Daily (Reporter Liu Sihong) Bitcoin fell below $60,000, Ethereum fell below $3,000, and virtual currencies have fallen sharply again in recent days. What happened?
Beijing time on August 4, Beijing Business Daily reporters noticed that Bitcoin has fallen sharply again in the past two days, falling below $63,000, $62,000, and $61,000 in succession, until it fell below $60,000 again in the early morning of the same day, which is also the lowest point since mid-July. As of 11:10 am on the same day, the latest price of Bitcoin was $60,850, a daily drop of 0.94%, a weekly drop of 10.23%, and a monthly increase of 5.95%.
Other virtual currencies also fell across the board. Other mainstream virtual currencies such as Ethereum, SOL, and Dogecoin were not spared and fell sharply. Among them, the latest price of Ethereum fell below $3,000, at $2,918, a 24-hour drop of 1.54%, a weekly drop of 10.46%, and a monthly drop of 1.91%. The latest price of SOL is $145.8, a 24-hour drop of 3.49%, a weekly drop of 19.78%, and a monthly increase of 4.4%. The latest price of Dogecoin is $0.1, a 24-hour drop of 2.82%, and a weekly drop of 16.98%.
In addition, with the continued plunge in the price of virtual currencies this time, the currency circle has also continued to intensify. According to the data from the currency circle market website CoinGlass, as of 11:00 on August 4, a total of 75,152 people have been liquidated in the last 24 hours, with a liquidation amount of up to $191 million. Judging from the situation of liquidation, the loss-making crowd is more bullish on the market.
Industry insiders remind that in the future, regulators may intensify their crackdowns on illegal market transactions. Virtual assets are high-risk assets, and any investor should be aware of and pay attention to the risks.
Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG
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