Today’s Cryptocurrency Market Core News and Market Tracking. Last night and this morning, the market was strongly impacted by macro policy shocks, leading to increased volatility.

1. Core Market and Liquidation Data

1. Bitcoin (BTC): Today’s sharp decline, briefly falling below the $65,000 level, with a low of around $64,200, a drop of over 4.5%.

2. Ethereum (ETH): Following the market correction, down more than 5%, currently oscillating around $1,870.

3. Popular Altcoins: SOL dropped over 7% to around $75; BNB fell below $600, currently around $597.

Liquidation Data: According to Coinglass, over 137,000 traders were liquidated across the entire network in the past 24 hours, with total liquidation reaching $473 million, including $430 million in long positions, showing a typical long squeeze phenomenon.

2. Major Macro and Industry Events

1. Uncertainty in Tariff Policies Sparks Risk Aversion

Yesterday, the U.S. Supreme Court rejected the emergency authorization for comprehensive tariffs. Following this, due to sharp changes in policy expectations and rising macro uncertainties, U.S. stock index futures and the dollar weakened in early trading. Risk aversion quickly spread, putting pressure on risk assets including the crypto market.

2. Traditional Giants Continue to Enter: PNC Bank Ventures into Crypto

According to the latest market news, PNC Bank, with assets totaling $325 billion, plans to launch Bitcoin purchasing and trading services this year. The bank has 15 million customers in the U.S., indicating that traditional financial channels for compliant capital are still expanding.

3. Institutional Whales Quietly Accumulating Ethereum

On-chain data shows that the total holdings of the Ethereum Treasury Strategy Company have reached 7 million ETH, accounting for 5.87% of the total supply, valued at over $140 billion. This indicates that despite short-term price volatility, institutional demand for ETH as a long-term asset remains strong.

4. Coinbase CEO Calls for Embracing Innovation

Coinbase CEO Brian Armstrong commented this week on the U.S. “Clarity Act” for the crypto market. He emphasized that the smartest financial institutions are actively engaging in the crypto market because blockchain technology is upgrading the global financial system from the ground up.

3. Today’s Trading Strategies and Risk Tips

The current market fear and greed index has fallen into the “Extreme Fear” zone. Before macro policy sentiment is fully digested, it is recommended to strictly control leverage and positions, and avoid blindly bottom-fishing on the left side. In the short term, the $60,000 level for BTC will be an important support to watch closely.