In the past 24 hours, a total of 66,000 people have been liquidated in the cryptocurrency market.

On the evening of the 20th Beijing time, the cryptocurrencies that were still trading collectively rose, with many turning red. According to CoinGlass data, nearly 80,000 people were liquidated in the past 24 hours. As of the time of writing, nearly 66,000 people were liquidated in the past 24 hours. In fact, the US stock market has been rising for two consecutive days, and with the holidays approaching, many market participants are optimistic about the market. Analysts suggest that economic data have reinforced expectations that the Fed will adopt an interest rate cut strategy. Since November's US inflation rate was significantly lower than economists' forecasts and the unemployment rate unexpectedly rose that month, some institutions believe that there is very limited room for inflation data to significantly exceed expectations. If the labor market continues on its current trajectory, with the unemployment rate rising by 0.1 percentage point each month, the potential for further interest rate cuts next year may be underestimated.