Bitcoin rebounded to about $69,500 yesterday but could not sustain the rise, starting a new wave of decline after midnight today, dipping to a low of $66,822, returning to the low point of the consolidation zone at the end of October.
At the time of writing, there is a rebound, briefly breaking through $68,000, currently reported at $67,703, with the decline in the last 24 hours narrowing to 1.52%. The reason for this wave of decline is speculated to be related to investors choosing to hedge before the U.S. presidential election and before the Fed announces its interest rate policy.
As for Ethereum, it dipped to a low of $2,357 in the morning, and is currently reported at $2,384, with a decline of 3.2% in the last 24 hours.
In the past 24 hours, the total liquidation across the network reached $211 million.
In the context of Bitcoin's volatile decline, according to Coinglass data, over the past 24 hours, the total liquidation amount in the cryptocurrency network exceeded $210 million (with long positions accounting for $157 million), and over 83,000 people were liquidated.
The four major U.S. indices fell.
U.S. stocks closed lower on Monday as all four major indices fell, although Nvidia briefly rose 1.4% during the session, reaching a market value of $3.36 trillion, once again surpassing Apple to top the global market cap leaderboard, but soon reversed.
The Dow Jones Industrial Average fell by 257.59 points or 0.61%, closing at 41,794.60 points.
The S&P 500 index fell by 16.11 points or 0.28%, closing at 5,712.69 points.
The Nasdaq index fell by 59.94 points or 0.33%, closing at 18,179.98 points.
The Philadelphia Semiconductor Index fell by 27.43 points or 0.55%, closing at 4,973.99 points.
The probability of the Fed cutting interest rates by one basis point has reached 99.5%
According to the CME FedWatch tool, the market currently believes that the probability of a 1 basis point rate cut this month has risen again to 99.5%, with a 0.5% probability of a 2 basis point cut, and no one believes the Fed will keep interest rates unchanged.
