#美SEC推动加密创新监管 The market has been quite exciting in the past day. Bitcoin once fell below the $84,000 mark, and Ether also couldn't hold above $2,800, while altcoins were in a state of despair. The total market capitalization of Crypto Assets shrank to $2.94 trillion, and the fear and greed index dropped directly to 23—extreme fear mode has been activated.

The chain reaction brought about by this downward trend is quite fierce: over 170,000 people globally were liquidated within 24 hours, with a total amount skyrocketing to $587 million. The worst was a single BTC long position on a decentralized exchange, with a liquidation of $15.6 million.

The traditional market is also not peaceful. The three major US stock indices collectively fell, with the Dow Jones down 0.90%, the S&P 500 and Nasdaq retreating 0.53% and 0.38% respectively, indicating a clear rotation of funds. To make matters worse, S&P Global Ratings downgraded the stability of USDT to "weak" level, citing concerns that the continued fall in BTC prices may lead to insufficient collateral.

However, there are also counter-trend operations. Strategy made another move last week, investing $11.7 million to acquire 130 Bitcoins, while also establishing a $1.44 billion reserve fund for dividend distribution and debt interest payments. Additionally, it is worth noting that CME data shows the probability of the Federal Reserve cutting interest rates by 25 basis points this month has reached 87.6%.

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