Bitcoin crash precursor

According to finance magnates, Amazon's digital currency project will first start in Mexico, and then expand to Brazil and India. It is reported that the digital currency project will completely focus on payment services in emerging markets. What is the impact of digital currency

compared with bitcoin, which appears more in the mass media, digital currency has its particularity. Bitcoin is just a kind of digital encryption asset, which lacks market supervision. The digital currency of the central bank has government credit endorsement, is legal currency, and can track money laundering and other financial criminal activities by using big data of transaction traces. China's WeChat and Alipay are relatively well-developed electronic payment means, but the state is still committed to exploring digital money research and development, and has taken the lead in the world. Shenzhen Luohu issued 10 million yuan digital currency red envelope and Suzhou & lt; Double Twelve & quot; Shopping to issue 20 million yuan of digital currency red envelopes is a very cutting-edge exploration{ RRRRR}

On April 18, it was reported that the price of bitcoin had soared for a time, once exceeding US $64000. Today, bitcoin suddenly plummeted, once falling by more than 15%, the price fell below US $52000 / piece

for the sudden collapse of bitcoin, some analysts in the instry believe that it may be affected by the latest news that the US Treasury Department has accused several financial institutions of using cryptocurrency to launder money

affected by the sharp fall of bitcoin, other digital currencies have declined to varying degrees. Ethereum plummeted 20%, coin an plummeted 17%, reborn plummeted 26%, and even Musk's favorite dog coin plummeted 19%

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experts said that the slump is a normal phenomenon:

"in fact, the slump of bitcoin is just a normal phenomenon in the market." First of all, bitcoin itself is a kind of high-risk emerging asset, and its daily price fluctuates a lot, and it is often prone to sudden rise and fall, Li William, chief researcher of Ouyi okex Research Institute, told reporters. Secondly, from an empirical point of view, the withdrawal in the bitcoin bull market is about 33% - 66% of the basic trend direction, lasting for a week or several weeks

according to him, even though bitcoin has entered a bull market since January 2021, with a cumulative increase of nearly 2 times, it often falls sharply, with the biggest daily drop of more than $5000 for at least 7 days, and the biggest daily drop of more than $10000 for two consecutive days on February 22 and February 23

William Lee further said, "from the fundamental point of view, this round of bitcoin slump also has regulatory impact. On Friday, Turkey's central bank banned the use of cryptocurrency and cryptoassets for payments, citing possible "irreparable" damage and trading risks. Shortly after the news, bitcoin fell about 4%. For investors who have entered the market early and hold a large number of bitcoin chips, they have made a lot of profits at this time. In the case of unclear supervision in the future, it may be the best time to choose to sell bitcoin and leave the market, which triggered a subsequent slump. "