#cpi的数据公布 #美联储利率决议即将公布 $IO $NOT 618 currency circle storm: 190,000 people lost all their money, with a loss of up to 478 million US dollars:
On June 18, the cryptocurrency market suffered a rare crash storm. Countless investors witnessed an astonishing evaporation of wealth in just 24 hours. According to Coinglass data, the contract liquidation incident involved funds of up to 478 million US dollars, and more than 190,000 investors were deeply affected. Among them, the largest single liquidation amount reached an astonishing 6.4371 million US dollars.
The long defense line collapsed and the market entered a deep adjustment:
Since Bitcoin hit a record high of $73,775.9 in March this year, the market has entered a volatile downward channel. Although the decline is relatively mild compared with the plunge on June 18, 2020, the market panic is still strong. Many investors said that they did not expect virtual currency to catch up with the trend of "618 discounts". When they woke up, their accounts were in a mess.
The Fed's interest rate hike expectations have been reduced, and the market is tight on funds:
For the reasons for the market decline, market analysts generally believe that the reduction in the Fed's interest rate hike expectations is one of the important reasons. Against the backdrop of the Fed's delayed interest rate hike, the virtual currency market is facing the dilemma of tight funds, and the continued decline in currency prices has become inevitable. Analysts predict that with the gradual cleanup of market leverage in June, the market may usher in a turnaround in July.
Mining machines are losing money as soon as they are turned on, and the prospects of the mining circle are worrying:
While the price of virtual currencies has plummeted, the miners are not having a good time either. As Bitcoin fell below the $65,000 mark, many mining machines fell into a loss state after being turned on. Calculated at an electricity fee of 0.5 yuan per kWh and the current mining difficulty, many mining machines, including Shenma M50 and Antminer S19 Pro+ Hydro, can no longer maintain profitability. For other virtual currencies such as ETHW, LTC, ZEC, DASH, the situation is even more worrying, and mining is basically unprofitable.
Market chain reaction appears, and the virtual currency ecosystem is impacted:
Since Bitcoin occupies a pivotal position in the virtual currency market, its price plunge will inevitably have a chain reaction on other virtual currencies. Many virtual currencies have fallen sharply under the leadership of Bitcoin, and the entire virtual currency ecosystem has been impacted to varying degrees.