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CoinGlass data shows that over the past 24 hours, more than 67k people in the cryptocurrency market were liquidated, with a total liquidation amount of $212 million.
Since July, the cryptocurrency market has strengthened overall. Bitcoin rebounded after hitting a low of $57,758.5 that day, and the rebound has now exceeded 8%. In fact, not only cryptocurrencies, but precious metals have also been strengthening recently. Spot gold has risen over 4% cumulatively since July, and spot silver has risen over 6% cumulatively.
According to CCTV News, Federal Reserve Chairman Kevin Warsh stated on July 1 at the European Central Bank's Central Banking Forum in Portugal that the current U.S. inflation level is still too high, while reiterating that the Fed's top priority is to ensure price stability.