• Ethereum (ETH): approximately $2,029, -1.3%~-3.5%, temporarily fell below $2,000
• Major altcoins generally follow the decline, market sentiment weakens
2. Key Events
1. Market-wide Decline Cryptocurrencies and tech stocks both retreating, dragged down by Nvidia's sharp drop, overall risk assets under pressure
2. Institutional Views
• Bernstein: Currently a confidence crisis, underlying infrastructure (exchanges, custody, ETFs) remains stable
• Bullish analyst Tom Lee: Crypto sell-off nearing the end, last few weeks of retracement
3. Policies and Capital
• Federal Reserve plans to relax restrictions on bank and crypto company collaborations, slight capital inflow into ETFs
• High interest rate environment persists, liquidity remains tight, increased volatility between bulls and bears
4. Domestic Regulation Eight departments clarify: Virtual currency-related activities are illegal financial activities, trading losses to be borne by individuals
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1. Mainstream Cryptocurrency Market (24h)
• Bitcoin (BTC): approximately $66,400–$67,400, -0.85%~-2%, broke below $68,000, briefly dipped below $67,000
• Ethereum (ETH): approximately $2,029, -1.3%~-3.5%, temporarily fell below $2,000
• Major altcoins generally follow the decline, market sentiment weakens
2. Key Events
1. Market-wide Decline
Cryptocurrencies and tech stocks both retreating, dragged down by Nvidia's sharp drop, overall risk assets under pressure
2. Institutional Views
• Bernstein: Currently a confidence crisis, underlying infrastructure (exchanges, custody, ETFs) remains stable
• Bullish analyst Tom Lee: Crypto sell-off nearing the end, last few weeks of retracement
3. Policies and Capital
• Federal Reserve plans to relax restrictions on bank and crypto company collaborations, slight capital inflow into ETFs
• High interest rate environment persists, liquidity remains tight, increased volatility between bulls and bears
4. Domestic Regulation
Eight departments clarify: Virtual currency-related activities are illegal financial activities, trading losses to be borne by individuals
3. Short-term Key Levels
• BTC: support at 67,500, resistance at 69,000
• ETH: range between 2,040–2,080