After the U.S. stock market opened last night, Bitcoin experienced a strong surge, breaking past $70,000, although selling pressure emerged soon after, and at around 3 AM this morning, there was a significant drop. However, it quickly bounced back, and around 8 AM today (6th), it saw another strong surge, reaching a high of $71,458.
As for the reason behind this surge, it is speculated that investors believe the current results being counted are favorable for Trump's election. However, due to time zone differences and varying state regulations, the voting end times differ across states, with the latest ending at 2 PM Taiwan time on November 6, and the results may still change significantly.
Reuters' real-time election situation website.
Bitcoin price trend.
Regarding Ethereum, it briefly broke $2500 before retreating, overall still following Bitcoin's trend.
Over the past 24 hours, the total liquidation across the network reached $214 million.
In the midst of Bitcoin's fluctuating decline, data from Coinglass shows that in the past 24 hours, the total liquidation amount across the cryptocurrency network exceeded $240 million (with shorts accounting for $138 million), affecting over 67,000 individuals. Bitcoin's volatility has significantly increased, so investors should exercise caution.
The four major U.S. indices rose.
Despite the current uncertainties surrounding the U.S. elections, investors seem optimistic about the economic outlook, with all four major indices closing higher.
The Dow Jones Industrial Average rose 427.28 points or 1.02%, closing at 42221.88 points.
The S&P 500 index rose 70.07 points or 1.23%, closing at 5782.76 points.
The Nasdaq index rose 259.19 points or 1.43%, closing at 18439.17 points.
The Philadelphia Semiconductor Index rose 83.84 points or 1.69%, closing at 5057.83 points.
