Bitop Market Watch Bitcoin Holds Firm at 66600 TSMC ADR Surges 10 as US Chip Stocks Rally

Coin World Report:
Bitcoin fell yesterday in a volatile market, testing the $66,600 level several times overnight and early this morning, but quickly rebounded to $67,950 at the time of writing, a slight increase of 0.74% in the past 24 hours.
However, it is still uncertain whether the Bitcoin correction has ended. Unless Bitcoin can stabilize at $67,800 and continue to break through the previous high, there is still a possibility of another downturn. Investors should be cautious of the risks.
TSMC leads the way, Dow hits a new high
In the US stock market, benefiting from TSMC’s impressive third-quarter earnings announcement yesterday, TSMC ADR soared more than 12% at one point last night and closed with a 9.79% increase. This led to a collective rally in chip stocks, with the Philadelphia Semiconductor Index closing up nearly 1% on the 17th, and the Dow Jones Index rising 0.95%, setting a new historical high.
Over $169 million liquidated across the entire network in the past 24 hours
According to Coinglass data, in the past 24 hours, the total amount of liquidation in the cryptocurrency market exceeded $169 million, with nearly 58,000 people being liquidated.
This article is written by the analysis team at Bitop Market, and the content is for personal opinions and sharing only, and does not constitute any investment advice. Analysis is time-sensitive and investment carries risks, so caution is advised when entering the market!