U.S. stocks opened lower and continued to decline, with the Nasdaq falling by 1%.

Yilihua: Remains optimistic about the upcoming market; cryptocurrencies are undervalued compared to the Nasdaq.

U.S. stocks opened lower and continued to decline, with all three major indexes down more than 1%.

Data: In the past 24 hours, total liquidations across the network reached $445 million, with long positions liquidated for $292 million and short positions for $153 million.

U.S. stocks extend losses, Dow Jones drops 1%, Nasdaq falls 1.73%