Bitcoin Take a Plummet, nearly 570,000 people Get Liquidated!

2024-12-12 01:38:40

BTC, after surging to $100,000, has once again fallen sharply.

BTC dives again

On Monday, most European and American stock markets closed down, with the Dow falling by 0.54%, the S&P 500 falling by 0.61%, and the Nasdaq falling by 0.62%.

In terms of individual stocks, Apple rose more than 1%, Microsoft rose 0.55%, Google rose 0.49%, Tesla rose 0.15%, Amazon fell 0.41%, Facebook fell more than 1%, and Nvidia fell more than 2%.

It is worth noting that BTC suddenly fell sharply, after BTC rushed to $100,000, however, the current price is about $97,400, and it once fell below $95,000, a decline of more than 3.7% in 24 hours.

In fact, not only BTC, but also virtual currencies like Ethereum have also plummeted, with Ethereum falling more than 10% at one point.

The sharp fluctuations in virtual currencies such as BTC have also led to a sharp increase in the number of liquidations, with Coinglass data showing that nearly 570,000 people have liquidated virtual currencies in the last 24 hours.

Chinese assets soared

In addition, Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index up 8.45%. In terms of popular Chinese concept stocks, Fangdd Network rose over 52%, Tiger Brokers rose over 26%, Bilibili rose over 21%, Futu Holdings rose over 17%, Pony.ai rose over 15%, and Manbang Group rose over 14%.

It is worth noting that overnight Chinese assets all rose, with Hang Seng Index futures up 7.66% and offshore renminbi against the US dollar up 0.29% or about 200 points. FTSE China A50 futures rose 5.77% cumulatively, hitting a two-month high at one point during the session. This morning, A50 futures continued to rise.

On the news side, the Political Bureau of the Central Committee of the Communist Party of China held a meeting on December 9 to analyze and study the economic work in 2025. The meeting pointed out that this year’s economic operation has been generally stable and making steady progress. The meeting emphasized that next year, it is necessary to stabilize the property market and stock market, prevent and resolve risks in key areas and external shocks; implementing a more active fiscal policy and a moderately accommodative monetary policy; It is necessary to vigorously boost consumption, improve investment efficiency, and expand domestic demand in all directions.

(Article Source: Securities Times·e Company)

Source: Oriental Fortune Net

Author: Securities Times · e Company

BTC1,45%

ETH3,15%

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