BTC falls below the $89000 mark

On chain data shows that Machi encountered partial forced liquidation during market downturns, closing some long positions in ETH with 25 times leverage. Its profits turned into losses again, and its total assets have now dropped to $20.9 million. （Onchain Lens）

The current total market value of cryptocurrencies is 3.16 trillion US dollars, with a 24-hour evaporation of 128.517 billion US dollars, a decline of 3.90%. Among them, the market value of Bitcoin accounts for 55.61%, and the market value of Ethereum accounts for 11.62%.

A senator from Indiana has proposed incorporating Bitcoin into pension investments and pushing for legislation to protect cryptocurrency payments. （Decrypt）

[Atlanta Fed GDPNow Model Lowers U.S. Q3 GDP Growth Forecast to 3.5%] The Atlanta Fed GDPNow model estimates U.S. third-quarter GDP growth at 3.5%, previously forecasted at 3.8%.

In the past 4 hours, the price of Bitcoin has fallen below $89000, resulting in the liquidation of a $180 million long position in the Bitcoin and cryptocurrency markets. （Bitcoin Archive）