Bitop Market Watch Bitcoin Holds Steady at 66600 TSMC ADR Soars 10 as US Chip Stocks Celebrate

BitUniverse reports:
Bitcoin fell in a volatile market yesterday, testing the $66,600 level several times in the evening and early morning of today (18th) before quickly rebounding. At the time of writing, it has successfully climbed back to $67,950, with a slight increase of 0.74% in the past 24 hours.
However, it is still uncertain whether the Bitcoin correction has ended. Unless Bitcoin can stabilize above $67,800 and continue to break through the previous high, there is still a possibility of another decline. Investors should be cautious of the risks.
TSMC (Taiwan Semiconductor Manufacturing Company) led the way, and the Dow hit a new high.
In the US stock market, benefiting from TSMC’s impressive third-quarter earnings announcement at yesterday’s analysts’ meeting, TSMC’s ADR (American Depositary Receipt) soared more than 12% at one point last night, closing with a 9.79% increase. This led to a collective rise in chip stocks, with the Philadelphia Semiconductor Index closing up nearly 1% on the 17th and the Dow Jones up 0.95%, hitting another historical high.
Over the past 24 hours, the total amount of liquidation in the entire crypto market exceeded $169 million.
According to data from Coinglass, in the past 24 hours, the total amount of liquidation in the cryptocurrency market exceeded $169 million, with nearly 58,000 people being liquidated.
This article was compiled by the Bitop Market Research Team and the content is only for personal opinion sharing, and does not constitute any investment advice. Analysis has a time limit and investment involves risks, so caution is advised when entering the market!