At 8 o’clock on August 12th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 1094.15 points, a drop of 4.48% in the past 24 hours, with a turnover of 60.912 billion US dollars, an increase of 5.81% over the previous 24 hours. The index component tokens Among them, 11 rose and 89 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies in the broader market, reported 937.85 points, down 4.18% in the past 24 hours, with a turnover of 45.72 billion U.S. dollars, an increase of 5.98% over the previous 24 hours; Bitcoin bubble index ( BBI Index) reported 75.77 points, down 1.39% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported 99.88 points, up 0.89% in the past 24 hours. Starting yesterday afternoon, BTC continued to fall, and the mainstream currencies also went down in a coordinated manner. The related currencies of the oracles were also weak. The gains in the previous few days failed to break through the upper edge of the shock. At the same time, silver and gold, which have experienced fierce gains some time ago, and the U.S. stock market have also experienced large declines, which may be related to the expected tightening of monetary policy in the general environment. The current volatile market continues, pay attention to whether the current support position is broken, and do not blindly expect the bull market to continue.