Bitcoin falls below $50,000, and Ether's historic one-day plunge! !

Bitcoin continued to fall during the Asian trading session, falling below $50,000 at one point, and although it later rebounded to nearly $53,000, it still hit its lowest level since mid-February. At the same time, Ether's one-day drop was the largest since May 2021, falling to $2,060 at one point, the lowest since January 3. The market turmoil was affected by tensions in the Middle East and concerns about the strength of the global economy, which triggered investor panic. Ether's plunge was exacerbated by rumors of asset liquidation by market maker Jump Trading. According to On-chain sleuth spotonchain, a transaction of 17,576 ETH showed that it may belong to Jump Trading, worth more than $46 million, and was transferred to a centralized exchange, suggesting possible asset liquidation. The panic selling of the overall market led to more than $1 billion in crypto futures market liquidations, of which Ether's liquidation amount exceeded $350 million. The general decline in global financial markets has exacerbated panic selling in Bitcoin and the overall crypto market. Japan's Nikkei 225 fell 12.4%, the Euro Stoxx 600 fell 2.8%, and the S&P 500 micro futures fell 2.9%. As a result, the crypto market fear and greed sentiment index showed "fear", reaching its lowest level since early July. This index indicates the emotional state of participants by tracking volatility, prices and social media data. Learn more about the liquidation records of the crypto futures market and the latest situation of the Bitcoin and Ether markets. ",

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