BTC Drops Below $65,000, Down 0.16% Intraday

2026-08-09 by admin

PANews August 9 news, OKX market data shows BTC has just fallen below $65,000, now quoted at $64,974.50 per coin, down 0.16% intraday.

Deep Tide TechFlow news, August 9, Coinbase CEO Brian Armstrong stated that the actual progress of cryptocurrency in enhancing global financial accessibility is underestimated. He pointed out that stablecoins have promoted the on-chain presence of the US dollar, enabling global users to hold low-inflation currencies and conduct 24/7 low-cost transfers; decentralized finance has widened access to credit; tokenized stocks provide opportunities for those lacking traditional brokerage services to access the US stock market; Bitcoin offers a store of value that is difficult to dilute through inflation. He also mentioned that the industry still has room for further development, but the progress made at this stage should not be overlooked.

PANews reported on August 9, according to CoinGlass data, a total of 93,684 traders were liquidated in the global crypto market over the past 24 hours, with total liquidations reaching approximately $149 million. Among these, long liquidations accounted for about $42.3238 million, and short liquidations accounted for about $106 million. By token, TUT liquidations totaled roughly $46.7657 million, BTC roughly $14.0807 million, and ETH roughly $9.8177 million. The largest single liquidation event took place on the TUTUSDT contract on Bitget, with a value of approximately $3.3271 million.

PANews August 9 news, Coinbase CEO Brian Armstrong posted on X platform that the progress cryptocurrency has made in expanding global financial services accessibility is still underestimated. He said stablecoins have brought the dollar onto the chain, enabling global users to hold a low-inflation currency and conduct 24/7 transfers at extremely low cost; DeFi allows more people to access credit services; tokenized stocks give about 4 billion people without securities brokerage accounts exposure to the U.S. stock market; and Bitcoin provides a means of wealth storage that is not easily devalued by inflation.