After experiencing significant volatility on the 15th, Bitcoin officially broke through the $68,000 mark around 8:00 PM last night amid a volatile uptrend, reaching a peak of $68,422. However, selling pressure subsequently emerged, and at the time of writing, it is temporarily trading at $67,543, representing a 0.63% increase over the past 24 hours.

Ethereum, on the other hand, exhibited relative weakness. Although it initially rallied along with Bitcoin last night, it quickly returned to fluctuate around the $2,600 level. At the time of writing, it is temporarily trading at $2,637, representing a 0.77% increase over the past 24 hours.

All Four Major US Indices Decline

On the US equity front, the Dow Jones Industrial Average closed at a new record high on the 16th, with the financial sector leading the gains. This may be attributed to investor confidence that changes in the interest rate environment will be more favorable for financial institutions. Morgan Stanley surged 6.5% to a new high. Simultaneously, the market appears to be continuing to rotate out of large-cap stocks and toward smaller-cap stocks.

Over $125 Million in Liquidations Across All Exchanges in the Past 24 Hours

According to data from Coinglass, over $125 million in cryptocurrencies has been liquidated across all exchanges in the past 24 hours, with nearly 47,000 traders being liquidated.

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