Bitcoin fell to a low of $66,670 yesterday, but after several pullbacks, it has now re-established above $67,000. The subsequent bullish and bearish trends remain to be seen. US stocks were encouraged by TSMC's impressive financial report, with chip stocks leading the gains.
Bitcoin basically fell in a volatile market yesterday. From evening to early morning of today (18th), it tested the $66,600 level several times and quickly moved upward. At the time of writing, it successfully stood back to $67,550, a slight decrease of 0.23% in the past 24 hours.
However, it is not possible to judge that the Bitcoin correction has ended at present. Unless Bitcoin can stabilize at $67,800 and continue to break recent highs, there is still a possibility of further decline. Investors are advised to be careful of risks.
Ethereum's trend is similar to Bitcoin's. At the time of writing, it is temporarily reported at US$2,616, with a slight increase of 0.12% in the past 24 hours.
TSMC ADR leads gains, Dow hits new high
As for U.S. stocks, benefiting from the impressive third-quarter financial report released by TSMC at yesterday's legal conference, TSMC ADR soared by more than 12% last night and closed up 9.79%, driving chip stocks to rise collectively. The Philadelphia Semiconductor Index closed up nearly 1% on the 17th, and the Dow Jones closed up 0.95%, setting a new historical high.
The Dow Jones Industrial Average rose 161.35 points, or 0.37%, to close at 43,239.05.
The S&P 500 index fell 1.00 points, or 0.02%, to close at 5,841.47 points.
The Nasdaq index rose 6.53 points, or 0.04%, to close at 18,373.61.
The Philadelphia Semiconductor Index rose 48.96 points, or 0.95%, to close at 5204.81 points.
In the past 24 hours, the entire network has liquidated $158 million
Amid the volatile market of Bitcoin, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations exceeded US$158 million, and nearly 55,000 people were liquidated.
