Over the weekend, Bitcoin, Ethereum, Avalanche, and other cryptocurrencies experienced fluctuations, with the previously surging Ethereum suddenly plummeting.
Today, Bitcoin briefly hit $105,000, but plummeted during trading, approaching $103,000, and as of the time of writing, remains below $104,000.
Ethereum, Dogecoin, Avalanche, Trump Coin, and other well-known cryptocurrencies have experienced varying degrees of plummeting.
It is worth noting that Ethereum, which had previously surged, once rose above $2600, but has now fallen to less than $2500, and has further declined in the evening.
According to Coinglass data, over 150,000 people in the cryptocurrency market have been liquidated in the past 24 hours.
This plunge may be due to a correction following the continuous surges of Bitcoin and other cryptocurrencies. Larry Fink, CEO of BlackRock, predicts that Bitcoin may exceed $500,000 in the next 5-10 years and that its market value will reach the trillion-dollar level in the future. This view reflects an increasing confidence among institutional investors in Bitcoin. Currently, the U.S. market has 11 Bitcoin spot ETFs, with a total asset management scale of $118.59 billion. Their total market value reaches $120.76 billion, with a daily trading volume of $2.66 billion.
On the news front, over the weekend, India and Pakistan agreed to an immediate and comprehensive ceasefire. Regarding Russia and Ukraine, Russian President Putin proposed to resume direct negotiations between Russia and Ukraine in Istanbul, Turkey, on May 15. Putin stated he would call the Turkish President to discuss the issue of holding negotiations.
Ukrainian President Zelensky stated on the 11th local time that Russia's suggestion to resume direct negotiations is a good sign that the world has long awaited.
Zelensky believes that the first step to truly ending the war is a ceasefire. Ukraine hopes that Russia can implement a comprehensive, lasting, and reliable ceasefire, and Ukraine is willing to negotiate starting from the 12th.#山寨季何时到来 