After reaching a low of $90,986 last night at 9:30, Bitcoin started another wave of increase, peaking at $93,880 around three o'clock today (20th), once again setting a new historical high. However, selling pressure emerged, and Bitcoin quickly plunged over $2,500 to a low of $91,300.
As of the deadline, BTC is reported at $92,052, up 0.97% in the last 24 hours.
The total liquidation across the network in the past 24 hours was $288 million.
In the fluctuating trend of Bitcoin, according to Coinglass data, in the past 24 hours, the total liquidation amount across the cryptocurrency network reached $288 million, with long positions liquidated at $178 million and short positions at $110 million, affecting over 105,000 people.
Most US stocks rose.
Wall Street is currently focused on AI chip leader NVIDIA's earnings report, which is set to be released in Taiwan on Thursday morning, as the US stock market saw the four major indices rise on the 19th.
The Dow Jones Industrial Average fell 120.66 points or 0.28%, closing at 43,268.94 points.
The S&P 500 index rose slightly by 23.36 points or 0.4%, closing at 5,916.98 points.
The NASDAQ index rose by 195.66 points or 1.04%, closing at 18,987.47 points.
The Philadelphia Semiconductor Index rose by 30.39 points or 0.62%, closing at 4,919.16 points.
Cathie Wood: Bitcoin has a long way to go above $90,000.
Regarding the situation of Bitcoin rising sharply and then falling back again. Cathie Wood, founder of Ark Invest and the 'female stock god', recently stated that although Bitcoin has broken through the historical high of $90,000, in her view, Bitcoin is still far from its price target and has a long way to go.
We believe we still have a long way to go, although Ark was the first asset management company to invest in Bitcoin at $250 in 2015.
In our base case, our target is for Bitcoin to reach $650,000 by 2030; in a bull market, Bitcoin could reach between $1 million and $1.5 million.
