Why is Bitcoin dropping again? — And why are early buyers closely watching Bitcoin Everlight?
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Reported by Bijie Network: Due to increasing macroeconomic uncertainty, the price of bitcoin fell below $87,000, triggering over $320 millions in long liquidations and wiping nearly $4 billions from its market capitalization. As capital becomes more cautious, attention has shifted to bitcoin-related underlying infrastructure, such as Bitcoin Everlight. Bitcoin Everlight is a transaction layer protocol that provides fast confirmations without modifying bitcoin's core settlement mechanism. Its native token, BTCL, has a fixed supply of 21 billions, with 45% currently undergoing public presale.
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MoreOn Wednesday (March 4), at the close of trading in New York, the ICE Dollar Index fell by 0.30% to 98.756 points, with an intraday trading range of 99.329–98.700 points.
Data: In the past 24 hours, the total liquidation across the network reached $574 millions, with long positions liquidated at $95.09 millions and short positions at $479 millions.
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