The New York stock market's fall has led to a comprehensive decline in digital assets, with Bitcoin falling to $86549.

Source: BlockMedia Original Title: [New York Coin Market/Departure] Overall downtrend in digital assets… Market cap decreased by 6% Original Link: https://www.blockmedia.co.kr/archives/1013459

The three major U.S. stock indices all fell.

At 9:36 AM Eastern Time on December 1st, all three major indices of the New York Stock Exchange ( NYSE ) showed a downward trend. The Dow Jones Industrial Average fell by 254.08 points ( -0.53% ) to 47,462.34 points. The S&P 500 index dropped by 37.71 points ( -0.55% ). The Nasdaq index, which is dominated by technology stocks, fell by 170.23 points ( -0.73% ), marking the largest decline. Gold prices rose to $4,281.30 per ounce, an increase of 0.62%.

Digital assets experience a comprehensive decline, ADA's daily drop exceeds 10%

According to data from the digital asset market platform, Bitcoin has fallen by 5.40% to $86,549. Ethereum (ETH) has dropped by 6.87% to $2,823, breaking below $3,000.

Other top ten digital assets have also all declined. Ripple (XRP) fell by 7.28% to $2.03. A leading exchange token (BNB) and Solana (SOL) dropped by over 8%. Dogecoin (DOGE) and Cardano (ADA) plummeted by about 10%. Tron (TRON) fell by 1.56%, the smallest drop of the day.

The total market capitalization of digital assets dropped by 6.36% within the day, falling below $3 trillion. Bitcoin's market share is 58.8%, an increase of 0.1 percentage points compared to the previous day. Ethereum's market share is 11.6%, a decrease of 1 percentage point. Despite the drop in Bitcoin's price, altcoins experienced a larger decline, keeping Bitcoin's market share relatively stable.

Liquidation Amount Surges by 440% Mainly Due to Long Positions

According to market data, the total liquidation amount in the past 24 hours reached $791 million, an increase of approximately 440% compared to the previous day. In terms of cryptocurrencies, the liquidation amount for Bitcoin was (2.01 million ), slightly higher than Ethereum's liquidation amount of (1.59 million ). The long positions in the liquidation amounts for Bitcoin and Ethereum accounted for approximately 94% and 88%, respectively. The total trading volume of digital assets in the market increased by about 70%. The open interest (OI) decreased by 4.67%.

The Bitcoin MVRV ratio fell by 6.55% to 1.6365. The MVRV ratio is the ratio of market capitalization to realized market capitalization, used to assess whether the current price is overvalued or undervalued. Typically, an MVRV ratio below 1 is considered a bottom, while above 3.7 is considered a top. The Bitcoin funding rate rose by 74.6% to 0.004247. The funding rate is an indicator that reflects investor sentiment; when the funding rate is greater than 0, it indicates a bullish sentiment, less than 0 indicates a bearish sentiment, and close to 0 indicates a balance between bullish and bearish forces. The exchange whale ratio increased by 1% to 0.9711.