The cryptocurrency market experienced a shocking plunge! Bitcoin fell below $75,000, with over 200,000 people liquidated amounting to $317 million.
On April 19, the cryptocurrency market faced a severe setback, with a broad decline! As of 15:35 Beijing time, Bitcoin dropped by 2.67%, trading at $74,950, breaking below the critical $75,000 mark; Dogecoin led the decline with a drop of over 5%, Ethereum and SOL coins fell by over 4%, and XRP and HYPE also saw declines of over 3%.
According to CoinGlass data, in the past 24 hours, over 200,000 people globally faced liquidation, with the total amount reaching $317 million, causing countless investors' assets to shrink instantly.
The core trigger for this plunge is the sharp escalation of the situation in the Middle East. According to Xinhua News Agency, the Israel Defense Forces reported on the evening of the 18th that they struck a group of armed personnel near the "frontline" in southern Lebanon, and such actions are "not restricted by the ceasefire." On the same day, the Iranian Islamic Revolutionary Guard Corps Navy announced that, due to the U.S. violating ceasefire commitments and not lifting the maritime blockade on Iranian ports and ships, they would block the Strait of Hormuz starting that evening. An Iranian Foreign Ministry spokesperson further stated in the early hours of the 19th that after U.S. military forces entered the vicinity of the strait, unconditional passage through the Strait of Hormuz has become a thing of the past.
Although the Speaker of the Iranian Islamic Council indicated that preliminary progress had been made in negotiations between Iran and the U.S., there remains a gap to a final agreement, and the obstruction of passage through the Strait of Hormuz is due to the incomplete implementation of the ceasefire in Lebanon. However, geopolitical uncertainties are still causing a sharp decline in global risk appetite, with cryptocurrencies, as high-risk assets, being the first to experience panic selling.
Do you think this cryptocurrency plunge is a short-term emotional release or a trend reversal? How will the situation in the Middle East affect your holding strategy going forward? Feel free to share your thoughts in the comments!
$PROM
$GTC
$BLUR
#山寨币复苏？
#嘉信理财将推出加密货币交易服务
On April 19, the cryptocurrency market faced a severe setback, with a broad decline! As of 15:35 Beijing time, Bitcoin dropped by 2.67%, trading at $74,950, breaking below the critical $75,000 mark; Dogecoin led the decline with a drop of over 5%, Ethereum and SOL coins fell by over 4%, and XRP and HYPE also saw declines of over 3%.
According to CoinGlass data, in the past 24 hours, over 200,000 people globally faced liquidation, with the total amount reaching $317 million, causing countless investors' assets to shrink instantly.
The core trigger for this plunge is the sharp escalation of the situation in the Middle East. According to Xinhua News Agency, the Israel Defense Forces reported on the evening of the 18th that they struck a group of armed personnel near the "frontline" in southern Lebanon, and such actions are "not restricted by the ceasefire." On the same day, the Iranian Islamic Revolutionary Guard Corps Navy announced that, due to the U.S. violating ceasefire commitments and not lifting the maritime blockade on Iranian ports and ships, they would block the Strait of Hormuz starting that evening. An Iranian Foreign Ministry spokesperson further stated in the early hours of the 19th that after U.S. military forces entered the vicinity of the strait, unconditional passage through the Strait of Hormuz has become a thing of the past.
Although the Speaker of the Iranian Islamic Council indicated that preliminary progress had been made in negotiations between Iran and the U.S., there remains a gap to a final agreement, and the obstruction of passage through the Strait of Hormuz is due to the incomplete implementation of the ceasefire in Lebanon. However, geopolitical uncertainties are still causing a sharp decline in global risk appetite, with cryptocurrencies, as high-risk assets, being the first to experience panic selling.
Do you think this cryptocurrency plunge is a short-term emotional release or a trend reversal? How will the situation in the Middle East affect your holding strategy going forward? Feel free to share your thoughts in the comments!
$PROM
$GTC
$BLUR
#山寨币复苏？
#嘉信理财将推出加密货币交易服务
