Bitcoin Holds Firm at 66600 Where is the Pressure Point TSMC ADR Soars 10 as US Chip Stocks Celebrate

Bijie.com reported:


Bitcoin reached a low of $66,670 yesterday in a volatile decline, but it has since rebounded to above $67,000 after several pullbacks. The future trend of both long and short positions remains to be observed. US stocks were boosted by TSMC’s impressive financial report, with chip stocks leading the gains.
Bitcoin experienced a slight decline in the volatile market yesterday. It tested the $66,600 level several times in the evening and early morning of the 18th, but quickly rebounded. At the time of writing, it successfully returned to $67,550, with a minor decrease of 0.23% in the past 24 hours.
However, it is still uncertain whether the Bitcoin correction has come to an end. Unless Bitcoin can stabilize above $67,800 and continue to break recent highs, there is still a possibility of further decline. Investors should be cautious of risks.


Ethereum’s trend is similar to Bitcoin’s. At the time of writing, it is temporarily reported at $2,616, with a minor increase of 0.12% in the past 24 hours.


TSMC ADR leads the gains, Dow hits another record high
In the US stock market, benefiting from TSMC’s impressive third-quarter financial report announced yesterday, TSMC ADR soared more than 12% at one point last night and closed 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 Industrial Average closing up 0.95%, hitting another all-time high.
The Dow Jones Industrial Average increased by 161.35 points or 0.37%, closing at 43,239.05 points.
The S&P 500 index fell slightly by 1.00 point or 0.02%, closing at 5,841.47 points.
The Nasdaq Composite Index increased by 6.53 points or 0.04%, closing at 18,373.61 points.
The Philadelphia Semiconductor Index increased by 48.96 points or 0.95%, closing at 5,204.81 points.
Over $158 million liquidated in the past 24 hours
In the volatile market of Bitcoin, according to Coinglass data, in the past 24 hours, the total amount of liquidations in the cryptocurrency market exceeded $158 million, with nearly 55,000 people being liquidated.