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The cryptocurrency market experienced a sudden plunge in the early morning, with bitcoin falling below the 0.06 million mark. What does the future hold? Should we be bold and buy at the bottom?
At 5am and 6am this morning, the market plummeted rapidly, dealing another blow to the bulls. Many long positions were liquidated, indicating that the block orders intended to wash out the market multiple times.
As bitcoin plummets to 0.058 million during the big drop, it is important to seize the opportunity to buy at the bottom.
On the early morning of August 28th, the price of bitcoin continued to fluctuate downward, dropping from $62,000 to $58,000 in just 1 hour, severely undermining the bullish sentiment.
Sky stablecoin USDS faced fierce criticism due to the 'freeze function'.
The decentralized financial project Maker has been renamed Sky, and its recently upgraded stablecoin has faced strong opposition. Observers point out that it will have a so-called "freeze function".
Good news for retail investors? CME Group plans to launch mini futures that allow easy purchase of 0.02 bitcoin.
The CME will launch even smaller bitcoin futures contracts to attract retail investors who may exit existing cryptocurrency products due to high prices.
After bitcoin plummeted and triggered a network-wide liquidation of 86,000 people, what will happen to the market in the future?
Bitcoin plummeted, causing 86,000 people across the network to go bankrupt! What is the future direction of the market?
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