> For the complete documentation index, see [llms.txt](https://tokenlon.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tokenlon.gitbook.io/docs/docs.en/blog/whatsnew/market-update/2024/0805.md).

# 08/05 Market overview：🚨BTC & ETH down 9.1%, 18.3% in 24h

Due to the economic slowdown and the bursting of the AI bubble, the US capital market lost over $3 trillion in a single day, marking the largest drop since March 2020 during the COVID-19 pandemic. US stocks fell across the board, and the overall crypto market plummeted by 11.3%. BTC ETFs saw a single-day outflow of $237.45 million yesterday, the largest since early May this year.

BTC is now at $54,545.70, down 9.1% ion 24h, and 20.1% in 7d. ETH is at $2,350.92, down 18.3% in 24h, and 28.3% in 7d.<br>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXelFSHLl3RoZ_DO_RwQv2aCvcBHVBWW9GKdf4Yt3zZ9CbdIg_Gs-i1dTx7OtlVy3mFjJo8yq_bQiLpkUNAGogQUV8ia4jU2acq2TnZD-ZZ-U4EJKi52J3UfIw9WoJL0UnF4CJ25ATxQBr5Kv5udr-tEA4Ej?key=s2mXl3vh97ER34FWDSx9Jg" alt=""><figcaption></figcaption></figure>

Tokenlon now supports multichain trading on Ethereum mainnet, Polygon PoS, Optimism, zkSync, Base, BNB, and Arbitrum chains. Simply navigate to the Market page in the latest imToken wallet version, 2.15.3, to start.

Tokenlon now supports 145 tokens, with discounted fees for LON holders.

Trade up to 100 WBTC & 1,000 ETH in a single transaction on Tokenlon, with smart routing on the Tokenlon website.&#x20;

#### Tutorial

[How to use Tokenlon instant swap](https://support.tokenlon.im/hc/en-us/articles/360037732371)

[How to use limit order on Tokenlon](https://support.tokenlon.im/hc/en-us/articles/7463636612116)

#### Note

Digital assets are highly volatile and unpredictable, do your research before trading.

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