Odaily News According to the trading platform Megabit, in the past few hours, the price of Bitcoin has fluctuated downward. It has fallen below $58,000 and rebounded slightly, temporarily reporting $58,092, with a 24-hour drop of nearly 5%. Analysts at Megabit Research Institute said that on August 6, the global financial market fluctuated violently. Bitcoin fell to $49,000 and then rebounded quickly, and fluctuated in the $60,000 range, but then did not break through the pressure range above $63,000. There was a demand for a callback, but it is unlikely to plummet again in the short term. It may fluctuate and consolidate at $55,000-56,000 and choose a direction again. Although the voice of economic recession is endless, in the long run, Bitcoin can serve as a "safe haven asset", while altcoins will be severely affected by the decline in liquidity and risk appetite, so investors may be more inclined to transfer funds from high-risk assets such as low-market-cap cryptocurrencies to safer investments.