@BitlayerLabs

Bitcoin and the second-tier altcoin have both reached new highs; will altcoins follow suit? Doge has shown some movement, but others have yet to catch up. Should we invest now?

Kas is still hovering at a low level, having pulled back to around 0.09 last night, and there have been noticeable movements recently, making it suitable for increasing positions.

After Bitcoin reached a new high, it plummeted, causing 230,000 people to be liquidated.

On the morning of August 14, the price of Bitcoin strongly broke through $124,500 per coin, setting a new historical high. However, the good times did not last long, and the price continued to decline. As of the time of writing, the price of Bitcoin is reported at $118,500 per coin, a drop of over 4%. As a result, most other cryptocurrencies also showed a downward trend, with Ethereum, XRP, Dogecoin, and others all falling over 4%.

Trading data indicates that the cryptocurrency market experienced extreme volatility in the past 24 hours, with over 230,000 people liquidated and a total liquidation value reaching $1.062 billion, of which $880 million was from long positions. This significant volatility in the cryptocurrency market may be related to the U.S. Bureau of Labor Statistics' report that the July wholesale price increase far exceeded expectations, indicating that inflation remains a threat to the U.S. economy.