Bitcoin may have benefited from President Biden's confidence call last night and started a rapid rebound, reaching a peak of $27500 this morning, while Ethereum also broke through $1830. On the US stock market, all four major indices closed higher, with regional bank stocks showing particularly impressive gains
Bitcoin may have benefited from President Biden's confidence call last night and started a rapid rebound, reaching a peak of $27500 this morning, while Ethereum also broke through $1830. On the US stock market, all four major indices closed higher, with regional bank stocks showing particularly impressive gains.
Bitcoin (BTC) fell to its lowest point of this week at $26544 last night, possibly driven by the sharp opening of the US stock market, triggering a rapid rebound and reaching a peak of $27500 around 5 am today (18th).
Before the deadline, it fluctuated around this level and is currently trading at $27388, up 1.1% in the past 24 hours.
The trend of Ethereum (ETH) is also roughly the same, with a peak of $1835 in the morning and currently at $1823 before the deadline.
In terms of other mainstream currencies: BNB currently reports $313, XRP $0.44, ADA $0.375
Biden's confidence shouts, US stocks rise together
On the US stock market, President Biden's confidence speech last night emphasized that "the US debt will not default", encouraging the stock market to rise collectively.
In addition, it is worth noting that the Western United Bank Bancorp, which broke out the crisis earlier, yesterday announced that its quarterly deposits as of May 12 had increased by more than $2 billion, and the proportion of insured deposits had reached more than 79%, easing investors' concerns. Last night, it rose by more than 20%, and led the regional bank stocks to rise synchronously and the four major indexes to rise at the close.
- The Dow Jones industrial average rose 408.63 points (1.24%) to close at 33420.77 points.
- The Nasdaq Composite Index rose 157.51 points (1.28%) to close at 12500.57 points.
- The S&P 500 index rose 48.87 points (1.19%) to close at 4158.77 points.
- The Philadelphia Semiconductor Index rose 75.98 points (2.49%) to close at 3124.68 points.
In the past 24 hours, the entire network has sold out 80 million US dollars
The market rebounded rapidly after a decline. According to Coinglas data, 32000 people have been liquidated in the past 24 hours, with a total net exposure of $80.39 million. Among them, Bitcoin had the largest exposure of $26.03 million, while Ethereum ranked second with a exposure of $11.57 million.
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