Bitcoin successfully broke through $65,000 last night, and continued to approach the downward trend line that has not been broken in half a year. As for the U.S. stock market, benefiting from the higher-than-expected GDP growth in the second quarter of the United States and the decline in the number of initial jobless claims last week, the four major indexes rose.
Bitcoin successfully broke through the $6,5000 mark at around 23:00 last night (26), reaching a high of $65,831 at midnight, successfully setting the highest price since August 2.
Currently, the buying has weakened. It fell below $65,000 in the early morning and then pulled back. At the time of writing, it was temporarily reported at $65,121, up 3.22% in the past 24 hours.
Currently, the price trend of Bitcoin has approached the downward trend line that has not been broken in half a year. It is expected that US$66,500~67,000 will be a pressure, but at the same time, the trading volume of Bitcoin has not continued to increase. It is expected that it may consolidate at this price level for a period of time.
Whether there will be a false breakout of the falling trend line followed by a retracement, or a strong breakthrough with a large positive line, remains to be seen.
Ethereum is relatively weak
Compared to the strength of Bitcoin, Ethereum's trend is relatively weak. After reaching a high of $2,666 last night, it continued to fall. At the time of writing, it was reported at $2,634, up 2.13% in the past 24 hours.
The entire network has a liquidation of 134 million US dollars in the past 24 hours
Coinglass data shows that in the past 24 hours, the total cryptocurrency contract liquidation volume reached US$143 million, with short positions of US$95.65 million accounting for the majority, and a total of more than 60,000 people were liquidated.
S&P 500 hits new high
As for U.S. stocks, they benefited from the strong economic data released last night: the U.S. GDP growth rate in the second quarter was 3%, higher than the average economists' expectation of 2.9%, and the number of initial unemployment claims last week was 218,000, a decrease of 4,000 from the previous week, the lowest in four months.
The four major U.S. stock indexes rose on the 26th:
The Dow Jones Industrial Average rose 260.36 points, or 0.62%, to close at 42,175.11.
The Nasdaq Composite Index rose 108.09 points, or 0.6%, to close at 18,190.29.
The S&P 500 index rose 23.11 points, or 0.4%, to 5,745.37, setting a new record high.
The Philadelphia Semiconductor Index rose 177.98 points, or 3.47%, to close at 5,310.50 points.
