Bitcoin plummets
Bitcoin and other cryptocurrencies suddenly plummeted. Among them, Bitcoin fell below $93,000 and fell back to $92,000, with a drop of more than 4% in 24 hours. Ethereum fell nearly 10%, and other cryptocurrencies also plummeted.
The sudden plunge of cryptocurrencies also caused many people to lose all their money. According to Coinglass statistics, more than 292,000 cryptocurrency positions were liquidated in the past 24 hours.
On the news front, members of the South Dakota Legislature postponed a vote that could allow the state to invest in Bitcoin, which actually killed the bill.
In fact, not only Bitcoin, but last night, U.S. technology stocks fell significantly, with the Nasdaq falling 1.21% to 19,286.92 points. Tesla fell more than 2%, Nvidia fell more than 3%, and Facebook fell more than 2%.
Previously strong Chinese stocks concept-based stocks performed even weaker. As of the close, the Nasdaq China Golden Dragon Index fell more than 5%. Among the popular Chinese stocks concept-based stocks, Pony.ai fell more than 20%, Tiger Brokers fell more than 13%, GDS fell more than 11%, Kingsoft Cloud fell more than 10%, Alibaba fell more than 10%, Bilibili fell more than 10%, and Tencent Music fell nearly 10%.