Bitcoin Holds Firm at 66600 Where is the Pressure Point TSMC ADR Soars 10 as US Semiconductor Stocks Celebrate

Coin World Report:


Bitcoin fell to a low of $66,670 yesterday amid volatile trading, but it has since rebounded to over $67,000 after multiple pullbacks. The future direction of the market remains to be observed. The US stock market rallied on TSMC’s impressive financial report, with chip stocks leading the gains.
Bitcoin experienced a slight decline in a volatile market yesterday. It tested the $66,600 level several times from the evening of the 17th to the early morning of the 18th, quickly bouncing back. At the time of writing, it has successfully regained the $67,550 level, with a minor decrease of 0.23% in the past 24 hours.
However, it is still uncertain whether the Bitcoin correction has ended. Unless Bitcoin can stabilize above $67,800 and continue to break recent highs, there is still a possibility of another decline. Investors should be cautious of the risks.


Ethereum’s trend is similar to Bitcoin’s. At the time of writing, it is trading at $2,616, with a slight increase of 0.12% in the past 24 hours.


TSMC ADR leads the gains, Dow hits new high.
In the US stock market, benefiting from TSMC’s impressive Q3 financial report released yesterday, TSMC ADR surged over 12% at one point and closed with a 9.79% increase. This led to a collective rally in chip stocks, with the Philadelphia Semiconductor Index closing nearly 1% higher and the Dow Jones Industrial Average rising 0.95%, hitting a new all-time high.
The Dow Jones Industrial Average rose 161.35 points or 0.37% to close at 43,239.05 points.
The S&P 500 index fell slightly by 1.00 point or 0.02% to close at 5,841.47 points.
The Nasdaq index rose 6.53 points or 0.04% to close at 18,373.61 points.
The Philadelphia Semiconductor Index rose 48.96 points or 0.95% to close at 5,204.81 points.
Over $158 million liquidated in the past 24 hours
In the volatile market of Bitcoin, according to Coinglass data, over the past 24 hours, the total amount of liquidation in the cryptocurrency market exceeded $158 million, with nearly 55,000 people being liquidated.