Yesterday, influenced by the severe fluctuations in the U.S. stock market, the cryptocurrency market experienced a turbulent storm, with Bitcoin (commonly known as 'big cake') falling below the $77,000 mark, and the price of Ethereum also dropping below $1,800, leaving many investors anxious.
The U.S. stock market suffered a heavy blow on Monday, becoming the trigger for market volatility. The Dow Jones Industrial Average initially fell by 2%, the S&P 500 index dropped by 2.7%, while the Nasdaq Composite index plummeted by 4%. In terms of individual stocks, Tesla (TSLA.O) crashed by 15.4%, Apple (AAPL.O) fell nearly 5%, and Nvidia (NVDA.O) also decreased by 5%. Meanwhile, blockchain-related stocks were similarly hit, with a certain blockchain company’s stock price falling by 15.03% in August, Canaan Creative (CAN.O) down 14.17%, MicroStrategy (MSTR.O) down 16.68%, and Coinbase (COIN.O) plummeting by 17.58%.
In the trading circle, hot events are emerging one after another. A trader known as 'Insider Bro' utilized 50x leverage for trading, successfully making over a million dollars, which has sparked widespread discussion. Another trader, Liang Xi, also reaped substantial rewards from a trade last night, achieving profits in the tens of millions, successfully turning things around. Since 2021, Liang Xi's performance in the contract market has been legendary.
