BlockBeats News, May 23rd, according to HTX market information, the crypto market experienced a short-term sharp decline. Bitcoin fell below $75,000 to $74,500, with a 24-hour decrease of 3.7%. Ethereum dropped to a low of $2,007 and is currently trading at $2,026, with a 24-hour decline of 4.8%.

Coinglass data shows that in the past 1 hour, the total value of positions liquidated across the entire network has increased to $377 million.