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bitcoin has once again plummeted. this is not surprising news, but a sad market fluctuation. data shows that the price of bitcoin has fallen by more than 4% recently, breaking the $54,000 mark. ethereum has also fallen by more than 6%. behind this wave of "diving", more than 86,000 trading accounts were liquidated. imagine that when it is late at night and you are about to go to sleep, you suddenly find that the account status has a red warning, as if a sleepless nightmare has come in an instant. for these investors, the pain in their hearts can be imagined.

the sharp fluctuations in the cryptocurrency market are closely related to the release of data from the u.s. labor market. recently, the u.s. department of labor's non-farm payrolls report showed that non-farm payrolls increased by 142,000 in august. although this number looks good, the 161,000 that wall street expected did not come. what's worse, the previous data also showed a weak state after revision, which greatly reduced market confidence. the slightly lower unemployment rate and slightly increased average hourly wages may just be a cover for deeper economic concerns.