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📅 July 3, 7:00 – July 9,
Bitcoin falls below $20,000, Ethereum hits 18-month low, panic in the crypto market intensifies.
[Chain News] The panic sentiment in the Crypto Assets market is spreading, Bitcoin has fallen below 20,000 USD, and Ether has hit an 18-month low.
The panic sentiment in the Crypto Assets market continues to spread, with Bitcoin falling below the $20,000 mark today, while Ethereum has hit a new low in 18 months.
In the past 24 hours, Bitcoin fell to a low of 19986.30 USD, with a decline of over 5%, marking the first time since December 2020 that it has fallen below the 20,000 USD threshold.
The current Bitcoin price is reported at $20369.86, with a 24-hour fall of 3.95%.
On the Ethereum side, the price fell to a low of $1075.01 in the past 24 hours, a decrease of over 9%, setting a new 18-month low. Currently, the price of Ether is reported at $1099.35, with a 24-hour decline of 8.17%.
In addition, mainstream coins such as BNB, XRP, ADA, SOL, and DOGE have all experienced varying degrees of fall.
In response, Zhao Changpeng, the founder of a certain trading platform, stated that this is a difficult time. "Many projects will go bankrupt. We have seen the problems with projects like LUNA and UST before. Now we are seeing issues with Three Arrows Capital and others. There will be more to come."
Zhao Changpeng believes that those who buy high-leverage tokens during a bull market are the most vulnerable to being hit. "Those who lend or finance with leverage often bear the greatest risks. Unfortunately, these individuals are the most vulnerable to being hit."