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Reported by Zhao Yi, Hu Jinhua, a reporter from China Times (www.chinatimes

After the current overall market adjustment, Ethereum experienced a reversal in the middle of the week. This correction was accompanied by a sharp drop near $1900 and has remained calm since then

Data: After the upgrade of Ethereum Shanghai, over 110000 ETH have been unlocked and extracted. According to the Etherscan page, there have been 112000 ETH unlocked and extracted after the upgrade of Ethereum Shanghai, with a value of approximately $218 million

In the past 24 hours, the price of Etalum, the second largest secretive company, has skyrocketed by 7% as its network has successfully completed the highly anticipated Shanghai hard fork. However, upgrades enable network participants to recover their bet funds

After the upgrade of Ethereum Shanghai, ETH prices continued to rise, even exceeding the level of $2000. The fresh liquidity in the market has caused a significant increase in trading volume, but experts believe that some corrections are needed before ETH prices begin to rise again

Bitcoin has plummeted again! As of 18:10 on January 24th, the price of Bitcoin has dropped below $34000 per coin, marking the first time since July last year. The past week has seen a drop of over 20%, and this year it has fallen by nearly 30%, almost halving from the historical high of $68928.9 in November 2021.Analysts point out that since the beginning of this year, the higher intensity of regulation by global regulatory agencies on cryptocurrency assets, including Bitcoin, as well as the strengthening expectations of the Federal Reserve's tightening monetary policy, and the widespread selling of US technology stocks, have been the main reasons for Bitcoin's sharp decline.Falling below $34000Coindesk

Highlights of the storyBitcoin prices have fallen from $28000, sparking the possibility of triggering a new wave of bearish sentimentIf the upcoming trend turns bearish, it is expected to form a new low, which may further mark the low point of the 2022-23 bear marketThe cryptocurrency market is attempting to recover from the losses that occurred last weekend, which depleted nearly 10% of global market value. Bitcoin prices have recently reached a low near $27300, with a significant decrease in trading volume, indicating that bulls are still in the buying zone

On April 11th, the financial industry reported that Bitcoin has climbed to over $30000 for the first time since June 2022, with an annual cumulative increase of over 80%. This rebound is even stronger than the nearly 20% increase in the Nasdaq 100 index (where Bitcoin often rises in sync with the index)

The cryptocurrency market is currently in a bad state as there are more and more problems and there seems to be no signs of easing.The price of Bitcoin has fallen by 75% since its previous historical high, but it may still fall further

Bitcoin, a digital currency once considered an unstable investment, has found a surprising ally in the form of an ancient commodity: gold.Since March, the correlation between alpha cryptocurrencies and precious metals has steadily increased, providing investors with a safe haven to cope with the ongoing banking crisis and rising interest rates

Reported by Zhao Yi, Hu Jinhua, a reporter from China Times (www.chinatimes

Highlights of the storyBitcoin prices have slightly increased as it has returned to levels above $28000, while a bearish cloud continues to envelop the cryptocurrency sector.In addition, seemingly confused counterfeit coins are expected to reach their main support levels before being promoted to the next stop