Bitcoin falls below $78000, with cryptocurrency clearing $264 million across the entire network

Bitcoin fell below $78000 on Tuesday, hitting a low of $77603 before rebounding to around $78600; As of 11:20 Eastern Time on Tuesday (0:20 UTC+8 on Wednesday), the market value of Bitcoin is approximately $1.58 trillion. The past round of price fluctuations has led to the liquidation of $79 million in Bitcoin positions, with long positions accounting for approximately 90%. The total amount of cryptocurrency clearing on the entire network reached 264 million US dollars, including 187 million US dollars for multiple orders and 77 million US dollars for short orders. The US Bureau of Labor Statistics will release the Producer Price Index (PPI) and Consumer Price Index (CPI) for August on Thursday and Friday, respectively. (Source: US Bureau of Labor)