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Recently, Bitcoin has suffered another sharp decline. On the evening of March 19, Beijing time, the price of Bitcoin once fell below the integer mark of $63,000, with the largest intraday drop exceeding 7.4%; the price of Ethereum once plummeted by more than 10%. Ethereum fell by more than 10% in 24 hours, and Dogecoin fell by 14.3% in 24 hours. As of press time, the price of Bitcoin was temporarily at $62,953. In terms of derivatives trading, CoinGlass data shows that in the past 24 hours, more than 240,000 people have liquidated their positions in the virtual currency market, with a total liquidation amount of US$639 million (approximately 4.6 billion yuan).

Just over the weekend, virtual currencies just experienced a flash crash. On March 17, Beijing time, the virtual currency market suddenly crashed. The price of Bitcoin once fell below $65,000 per coin, with the largest intraday drop exceeding 6%; the price of Ethereum once plummeted 9.77% in Japan. CoinGlass data shows that in the past 24 hours, a total of 161,273 people in the virtual currency market have been liquidated, with the total liquidation amount reaching US$520 million.