After Bitcoin broke through $70,000 late last Friday night (8th), setting a new all-time high, it continued to challenge and break the previous high over the weekend, reaching $69,910 in the evening of yesterday (10th), but failed to maintain the early high.
It has been fluctuating downward for nearly 12 hours. At about 08:45 earlier, BTC hit a low of 66,944. At the time of writing, it has not yet returned to $68,000.
Ethereum once fell below $3,800
As for Ethereum (ETH), the decline was even more dramatic. After hitting a high of $3,964 yesterday evening, it also fluctuated downward, falling to $3,721 earlier. At press time, it was trading at $3,823, down 1.64% in the past 24 hours.
The top ten tokens fell across the board
CoinMarkeCap data shows that the top ten cryptocurrencies have all fallen in the past 24 hours, with Dogecoin DOGE and Shiba Inu Coin SHIB suffering the largest declines, down more than 7% and 8% respectively. Other tokens also saw declines of around 3-6%.
In the past 24 hours, the entire network has liquidated $300 million
BTC failed to break through 70,000 and reversed downward. According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidation exceeded US$300 million, and more than 113,000 people were liquidated. It can be seen that there are still many investors who are ambushing breakthrough orders.
