Despair! Bitcoin fell below 84,000, Ethereum fell below 2,700, and there was a lack of crypto liquidity after gold plummeted to make up for the rise
Bitcoin fell to 87,200 in the early morning and then V turned to rise above the $89,000 level, indicating that the short-term currency price support is strong and is consolidating and gaining momentum, but the Ethereum swing whale shipped 10,000 ETH at this time, making a profit of one million dollars.
(Summary: Tom Lee shouts: Ethereum will hit $9,000 early next year, and Bitcoin will see $20 in 2026)
(Background Supplement: Turning Point in Crypto: 2026, Game Changers)
Bitcoin made a big red stick last night, once falling below the $87,000 level to $84,000, and the price was temporarily reported at $83,791. Ethereum is also bleak, the currency price once fell below the $2,700 level, the price is temporarily reported at $2,731, Trump announced that the country has entered a state of emergency, will take action against Iran, Cuba and other countries, and other news caused market panic, and gold once hit a new high of 5,500 yuan, reaching the level of $5,100 last night, but it has quietly rebounded this morning, temporarily reported at $5,300, indicating that the crypto market is subject to the gold market, and gold has rebounded, but crypto liquidity is depleted.
Reasons for the decline?
On the one hand, the United States is facing a government shutdown and a credit crisis in the US dollar, but Trump has expressed his hope that the two parties will cooperate to solve the government shutdown problem, which may trigger some gold that has sought to avoid safe-havens and return to the layout of US bonds.
But later Trump announced that he would carry out a new wave of policies from oil countries such as Cuba and Iran after the Venezuelan and Greenland operations, including taxation and possible future military operations, which added a lot of geopolitical uncertainty to the market.
In the past, he also threatened to replace the current chairman Powell early, so the recent battle to defend the independence of the Federal Reserve has fully surfaced.
Related Articles
Vitalik Buterin Says AI Is Speeding Up Ethereum Development
Why do organizations still prefer Ethereum despite the emergence of faster blockchains like Solana
Whale "pension-usdt.eth" Closes BTC Long Position with $466K Profit
Data: If ETH drops below $1,925, the total long liquidation strength on major CEXs will reach $615 million.
Vitalik Buterin Says Ethereum Smart Accounts Are Coming Within a Year