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#市场观察 On May 18th, the cryptocurrency market suddenly plummeted across the board. As of press time, Bitcoin dropped nearly 1.5%, breaking through the major thresholds of $78,000 and $77,000. Ethereum fell 3.36%, XRP declined 1.62%, and Dogecoin dropped 2.57%.
According to CoinGlass data, in the past 24 hours, a total of 108,493 people were liquidated worldwide, with a total liquidation amount of $657 million.
Meanwhile, the three major US stock index futures all declined.
In addition, international gold prices plummeted sharply, falling over 1% as of press time, breaking below $4,500.
International oil prices rose, with Brent crude oil futures surpassing $110.
On the news front, U.S. President Trump spoke with Israeli Prime Minister Netanyahu on May 17th local time and posted on social media: “Time is running out for Iran. They’d better act quickly, or they will have nothing. Urgent action needed!”
According to reports from U.S. and Israeli media, Trump and Netanyahu discussed the possibility of restarting military actions against Iran during their phone call that day. However, Israeli Channel 12 reported that Trump, in an interview, said he still believes Iran intends to reach an agreement and expects Iran to submit an updated proposal in the coming days.
Additionally, U.S. media reported that Trump is expected to hold a meeting with his national security team in the Situation Room at the White House on May 19th local time to discuss plans to restart military actions against Iran. $BTC $XBRUSD