After Federal Reserve Chairman Walsh made a “hawkish” speech, the US bond market experienced a sharp sell-off. The two-year US bond yield, which is more sensitive to the Fed's interest rate, rose sharply to a one-month high. Affected by this, the entire cryptocurrency market plummeted, and Bitcoin and Ethereum plummeted by more than 3%. According to CoinGlass statistics, in the last 24 hours, a total of 9,6839 people around the world have been liquidated, and the US stock market, with a total amount of 474 million US dollars, is also under downward pressure.

After Federal Reserve Chairman Walsh made a “hawkish” speech, the US bond market experienced a sharp sell-off. The two-year US bond yield, which is more sensitive to the Fed's interest rate, rose sharply to a one-month high. Affected by this, the entire cryptocurrency market plummeted, and Bitcoin and Ethereum plummeted by more than 3%. According to CoinGlass statistics, in the last 24 hours, a total of 9,6839 people around the world have been liquidated, and the US stock market, with a total amount of 474 million US dollars, is also under downward pressure.