Beijing Business Daily News (Reporter Liao Meng) On July 8th, the virtual currency market experienced another flash crash in the morning. According to data from the global coin price website Coingecko, Bitcoin once fell below the $55,000 mark, reaching a minimum of $54,320.76, with a maximum intraday decline of over 6%. At the same time, the top 10 virtual currencies by total market value in the virtual currency market collectively plunged, with Dogecoin falling by over 10%. Subsequently, the prices of cryptocurrencies such as Bitcoin rebounded slightly, and the overall decline narrowed.
Over the past month, Bitcoin has been continuously declining, breaking through multiple key levels from above $70,000. As of 14:50 on July 8th, Bitcoin was reported at $55,762.62, with a 24-hour decline of 3.3% and a 12.0% decline in the past 7 days. In the past 24 hours up until 14:50 on July 8th, a total of 81,018 people were liquidated, with a total liquidation amount of $286 million.