Core Viewpoint - The digital currency market experienced significant volatility, leading to a large number of liquidations among investors, with over 123,000 liquidations totaling more than $457 million in the past 24 hours [2][8]. Market Performance - Bitcoin's price fluctuated dramatically, rising over $2,000 from around $104,000, then dropping nearly $4,000, and currently trading around $103,800 [3]. - Ethereum saw a sharp decline, dropping over $200 to a current price of $2,440, reflecting a daily decrease of more than 4% [5]. - Other cryptocurrencies, including Dogecoin, SOL, and SUI, also experienced declines exceeding 4% [7]. Liquidation Statistics - In the last 24 hours, the total liquidation amount reached $457 million, with long positions suffering the most, accounting for over $400 million of the total [8]. - The largest single liquidation occurred in Bitcoin, amounting to $8 million [8]. Market Influences - The recent downturn in the digital currency market is attributed to several factors, including uncertainty regarding global inflation, geopolitical tensions causing liquidity fears, heightened scrutiny from the SEC, and profit-taking by investors who previously held long positions [8]. - Additionally, the prices of gold and silver have also declined in response to the Federal Reserve's decision to maintain interest rates, with gold prices dropping approximately $100 from a peak of $3,450 per ounce [9].

Market Overview - The digital currency market experienced significant volatility, with Bitcoin's price fluctuating dramatically, dropping to around $104,000 before rebounding over $2,000 and then falling nearly $4,000 again, settling at approximately $103,500 [1] - Ethereum also saw a sharp decline, dropping over $200 to a price of $2,440, representing a daily decrease of more than 4.5% [2] - Other cryptocurrencies such as Dogecoin, SOL, and SUI also faced declines exceeding 4% [3] Liquidation Statistics - Over the past 24 hours, more than 130,000 investors were liquidated globally, with total liquidation amounts exceeding $460 million [3] - Long positions were particularly affected, with liquidation amounts surpassing $500 million, and the largest single liquidation occurred in Bitcoin, amounting to approximately $8 million [3] Market Influences - The recent downturn in the digital currency market is attributed to several factors, including unclear global inflation prospects, high geopolitical uncertainties causing liquidity panic, an escalation in SEC policy reviews, and profit-taking by investors who previously went long [5] - Following the Federal Reserve's decision to maintain interest rates, precious metals like gold and silver also saw declines, with gold prices dropping approximately $80 from a peak of $3,450 per ounce [5] Economic Commentary - Former President Trump has called for the Federal Reserve Chairman Jerome Powell to lower interest rates, suggesting that a reduction to 1-2% could save the U.S. up to $1 trillion annually [10][11] - Trump criticized Powell's handling of inflation and hinted at possibly reconsidering his previous stance on Powell's job security [10][11]