According to this site (120BTC.coM), the cryptocurrency experienced a relatively obvious decline on January 23. In fact, since Bitcoin exceeded US$41,000 on the 20th, the market entered a period of consolidation, and a slow downward trend began in the early morning of the 22nd. Bitcoin eventually fell below the US$41,000 mark that night.
In the early morning of the 23rd, the price of Bitcoin fell below the US$40,000 mark, and even fell below US$39,000 before the deadline. At the same time, the price of Ethereum also fell to $2,222, causing the total cryptocurrency market value to fall by 4.68% to $1.53 trillion.
Mt.GOX also becomes potential selling pressure?
Although there is a lot of discussion about GBTC in the market, some analysts believe that the outflow of GBTC and the inflow of other Bitcoin spot ETFs have offset each other.
Other potential reasons for the decline include:
The Ethereum Foundation exchanged 700 ETH for DAI, with an average price of $2,406.
Not only GBTC, Mt.GOX also has potential selling pressure.
$SATS has the highest decline
According to CoinMarketCap, the 24 currencies with the highest decline among the top 100 market capitalizations are:
SATS (1000SATS): -13.2 %
OKB(OKB): -13.2%
Optimism(OP): 10.5%
ORDI(ORDI): -11.4%
NEAR Protocol(NEAR): -10.52%
On-chain tracking agency Arkham pointed out, More than $100 million in long positions had been liquidated within an hour in the afternoon.
Previously reported that the OKX exchange platform currency experienced significant fluctuations, with a drop of 50%.
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