Bitcoin fell again, breaking below $54,500 earlier, and Ethereum also fell below $2,850, almost giving up all the rebound over the past two days.

After hitting a low of $53,269 on Friday (5), Bitcoin continued to rebound over the weekend, breaking through $58,000 yesterday (7). However, selling pressure subsequently emerged and began to fluctuate downward, continuing to fall sharply after 5 a.m. today (8). At the time of writing, it has fallen below $55,300, down 3.16% in the past 24 hours, and has almost completely lost the rebound over the past two days.

Ethereum's trend is also similar to Bitcoin. At the time of writing, it fell below $2,890, down 4.40% in the past 24 hours.

The top ten tokens fell across the board

As Bitcoin fell, the other top ten tokens also fell. Dogecoin (DOGE) fell the most, by more than 10%, and other tokens such as BNB, SOL, XRP, ADA, etc. also fell by more than 8%.

Over the past 24 hours, the entire network has been liquidated for more than $200 million

As Bitcoin plunged again, according to data from Coinglass, the total amount of cryptocurrency liquidations has exceeded US$200 million in the past 24 hours, and more than 80,000 people have been liquidated.