After Bitcoin reached a high of over $67,000 at 10 o'clock last night, it continued to fluctuate downward, possibly due to the decline in U.S. stocks or the continued repayment of Mt. Gox. At the time of writing, it is currently trading at $64,394, down 2.21% in the past 24 hours.

图片

Ethereum once approached $3,200

The decline in Ethereum was even more serious. At the time of writing, it once hit $3,210 and fell by more than 7% in the past 24 hours. It is currently trading at $3,254.

Top 10 Token Performance

The other top ten tokens had mixed gains and losses, with XRP seeing the largest increase, up 2.45% in the past 24 hours; BNB, TON, and DOGE each fell by about 1% to 2%, which was unusually small compared to BTC and ETH.

In the past 24 hours, the entire network has liquidated $220 million

According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidation was approximately US$220 million, and more than 62,000 people were liquidated (long positions accounted for nearly US$200 million).

If you can't find your direction in the cryptocurrency circle and don't know what coin to buy, please find me and I will share more information and strategies related to the cryptocurrency circle for free.

图片

U.S. spot Ethereum ETFs had a cumulative trading volume of about $951 million on Wednesday, according to data compiled by The Block Pro Research. On their first day of trading on Tuesday, the funds had a trading volume of $1.054 billion.

Pat Doyle, a blockchain researcher at Amberdata, said: "Compared to the BTC ETF, the performance of the Ethereum ETF on the first day was within the expected range. We set our estimates by analyzing the market capitalization of ETH and BTC. The market capitalization of ETH is currently about 30% of BTC. Conservatively estimated, ETH trading volume is about 20-30% of BTC trading volume."

Despite the successful debut of the spot ETF on Tuesday, ETH has struggled, falling to as low as $3,300, down nearly 4% in the past 24 hours. Compared to Bitcoin, ETH prices have also hit their lowest level in two months.