Traditional Finance Alert: XAGUSD rises over 2%

U.S. Senator Cynthia Lummis, banks will be able to offer digital asset services like Bitcoin

ChainCatcher News, U.S. Senator Cynthia Lummis stated during a live CNBC broadcast, "You walk into a bank, and they can provide you with both fiat currency services like the US dollar and digital asset services like Bitcoin. This will create the financial services industry of the 21st century." Influenced by this news, BTC broke through $72,000, with a 24-hour increase of 6.95%; ETH broke through $2,100, with a 24-hour increase of 7%.

Over the past hour, the entire network has experienced liquidations exceeding $75 million, mainly short positions.

Odaily Planet Daily reports that Coinglass data shows that in the past 1 hour, the total liquidation across the network was $75.86 million, including $73.70 million in short positions and $2.15 million in long positions. Additionally, BTC liquidations reached $58.40 million, and ETH liquidations totaled $8.91 million.

Bitcoin briefly breaks through $72,000, Ethereum approaches $2,100! The entire network experiences $420 million in liquidations as short positions are wiped out.

Bitcoin briefly surged past $72,000 to a new high at 22:20 before falling back to $71,600, an increase of over 6%. This rebound was driven by Middle Eastern geopolitical tensions and progress in US legislation, but uncertainties remain. The entire network experienced $420 million in liquidations, with both bulls and bears suffering losses.

GT 24H Up 3.03%, current price 7.12 USDT

Gate News bot message, Gate market display, GT has increased by 3.03% in the past 24 hours, current price 7.12 USDT.

ETH Breaks Through 2100 USDT

Gate News bot message, Gate market display, ETH breaks through 2100 USDT, now priced at 2102.21 USDT.