In the early morning of August 28, the cryptocurrency market plummeted. Market data showed that Bitcoin once fell below the $58,000 mark this morning, with a daily decline of more than 7%; Ethereum once fell below the $2,400 mark, with a minimum of $2,388, and a daily decline of more than 9%. CoinGlass data showed that in the past 24 hours, a total of 85,563 people in the entire virtual currency market were liquidated, with a total liquidation amount of $314 million.

In the early trading of the U.S. stock market overnight (Beijing time on the evening of August 27), the virtual currency market also had a small sharp drop. Perhaps affected by this, U.S. cryptocurrency concept stocks collectively fell. Wind market data showed that Marathon Digital closed down more than 4.36%, Canaan Technology fell more than 3.77%, MicroStrategy closed down 4.69%, Coinbase closed down 2.79%, Riot Platforms closed down 5.5%, and CleanSpark closed down 5.67%. After the U.S. stock market closed, the above stocks fell further, with Marathon Digital and MicroStrategy both falling by more than 3%. (Securities Times)