Back and forth! 100,000 Bitcoin holders were liquidated, and 2.1 billion yuan evaporated!
Against the backdrop of a tense international situation, risk assets have been hit by a sell-off. In the past 24 hours, Bitcoin once fell from $66,700 per coin to below $63,000 per coin.
As of 22:00 on August 1, the price of Bitcoin was $64,400 per coin, a drop of nearly 3% in 24 hours. Other cryptocurrencies also fell sharply, with Solana falling more than 8%, Dogecoin falling nearly 5%, Ethereum and Cardano falling more than 4%, and BNB falling nearly 3%.
It is worth noting that Bitcoin rebounded after falling below $63,000. As of press time on August 2, Bitcoin was at $65,000, up 1.15%.
Bitcoin's rise and fall caught investors off guard. According to coinglass data, in the past 24 hours, the total number of cryptocurrency liquidations exceeded 100,000, and the total amount of liquidations was US$292 million.
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Recently, the price of cryptocurrency has fluctuated violently. On the evening of July 29, Bitcoin once rose to $71,000 per coin, breaking through the peak price of $70,000 per coin after two months. At that time, the main factor driving Bitcoin higher was that US presidential candidate Trump publicly voiced support for cryptocurrency.
Former US President Donald Trump said that if he could return to the White House, he would ensure that the government retained 100% of its Bitcoin and would list Bitcoin as a US strategic reserve asset.
