The Collapse Record of the "805" in the Cryptocurrency Circle
After BTC broke through $70,000 at the end of July, it failed to set a new historical high. Amidst the sluggish capital, what factors accelerated this round of massive decline in the cryptocurrency market?
23:10 Behind Jump Crypto's Crazy Sell-off: The Cause May Be Related to the $4.47 Billion Settlement in the Terra Case?
Under the continuous sell-off by the market maker Jump Crypto, it fell to a low of $2100. Many communities and analysts view this behavior as one of the reasons for the overall crash of the cryptocurrency market.
16:38 Is a double-digit rebound market about to start, with Bitcoin leading the reversal momentum?
Under the stimulus of a slight recovery in risk appetite in the financial markets, market sentiment has been boosted, leading to a significant rebound in the cryptocurrency market. Regarding the recent sell-off in global stock markets, most believe it is a panic-driven decline caused by an overreaction in market sentiment. So, is the improvement in the cryptocurrency market a technical rebound or a market reversal?
15:08 Analysis of the 85 Crash Data: Which Coins Rebounded the Most? Which Sectors are the Weakest?
LST, AI, and Meme sectors fell the most. SATS, TAO, RENDER, PEPE, and PENDLE showed the greatest resilience.
15:06 Federal Reserve officials say "the U.S. economy is not in recession" to reassure the market
Chicago Fed President Goolsbee stated that as the pressure to cut interest rates increases, the Federal Reserve will take action to "repair" any deteriorating situation.
11:51 "1987 Black Monday" Reenactment: Group Trading Reversal, Liquidity Shock, What Happened Next?
The Federal Reserve urgently cut interest rates by 50 basis points and implemented quantitative easing to inject liquidity to "rescue the market." Ultimately, the significant drop in 1987 gradually calmed down, and the risks did not spread to a larger scale, but the danger lies in the possibility that the crash could become self-reinforcing and evolve into a credit crunch.
02:27 Data: BTC falls below 54,000 USD
ChainCatcher news, according to OKX market data, BTC has fallen below 54,000 USD, currently reported at 53,892.36 USD, with a daily decline of 7.42%.
01:28 Abra analyst: As the VIX reaches its highest level since the COVID-19 market panic, the crypto market may face greater volatility
ChainCatcher news, Abra's head of over-the-counter options trading Bohan Jiang stated that the recent macroeconomic downturn has caught the derivatives market off guard, with the Chicago Board Options Exchange's Volatility Index (VIX) soaring. In the past 24 hours, the VIX has surged above 65 points, marking the highest level since the market panic at the onset of the COVID-19 pandemic.Bohan Jiang said, "I expect that the implied volatility in the cryptocurrency market will remain high until macro factors stabilize. Most options market participants were not prepared for the recent macroeconomic recession. As the macro narrative shifts, the cryptocurrency market still tends to trend upward; there is almost no hedging against downside risks."
22:43 Data: Bitcoin rises above $54,000
ChainCatcher news, according to OKX market data, Bitcoin has risen above 54,000 USDT, currently reported at 54,434 USDT.
22:39 Data: BlackRock IBIT's trading volume has exceeded 1.5 billion USD today
ChainCatcher message, the market shows that BlackRock's IBIT has surpassed a trading volume of 1.5 billion USD today, Fidelity's FBTC has reached a trading volume of 389 million USD today, and Grayscale's GBTC has reached a trading volume of 293 million USD today.
