CME bitcoin plummeted
the Hong Kong bitcoin exchange has closed down, with us $386 million of customers' funds missing,
this is another runaway
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%
extended data
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. "
some people say that this is the result of other people's manipulation, but in my opinion, few people can directly control the bitcoin market
for those small partners who like to invest, they should often hear conspiracy theories. For example, a slump is the result of someone else's manipulation, and every surge is the result of someone else's pull-up. I think this idea is untenable, because the market of bitcoin can't be controlled by an indivial, This is a comprehensive reflection of the global economy
bitcoin plummeted $8000 an hour US $8000 is not a small number, because we know that bitcoin's current market is about US $50000. For those small partners who take over bitcoin at a high level, US $8000 means a withdrawal of almost 20%. This range is hard for many normal investors to accept, and many small partners with poor psychological quality are very scared{ RRRRR}
changes in regulatory policies and investor sentiment in fact, ring this period, the price of virtual currency rose to a certain extent through the listing of coinbase, but unfortunately, the rising market did not last long. The prices of many cryptocurrencies, including bitcoin, fell sharply, with the highest decline of nearly 30%. Some media have pointed out that there are two reasons for the sharp drop. On the one hand, the US Treasury Department has announced that it will sue some virtual currency platforms, and the changes in regulatory policies have worried investors. On the other hand, it has been reported that after the completion of the listing of coinbase, many employees in the company have begun to cash out, of which the CEO has the most cash out, nearly $300 million
On April 18, 2021, the global virtual money market plummeted, and the cryptocurrency market experienced the most serious slump in history. On a 24-hour basis, bitcoin has plummeted by more than 16%, Ethereum has plummeted by nearly 20%, coin an has plummeted by 17%, and reborn has fallen by 26%. Within one day, more than 620000 people were liquidated, and the amount of liquidation exceeded US $5579 million. Brian bull, CEO of coinbase, a virtual currency exchange; Armstrong sold $290 million of the company's shares, bringing the total market value of its insiders to more than $4.6 billion. In addition, alexia & middot, the chief financial officer of coinbase; Haas cashed out about $99.32 million at $388.73
it is reported that the ability of cloud computing is to split the mining machine into independent units. The mine provides mining machine computing power leasing services. Investors only need to purchase the calculation contract to & lt; Cloud mining;, Get the corresponding virtual currency. On several cloud computing platforms, it is found that the rate of return declared by each platform is not low, and some annual rates of return even exceed 100%. At the same time, cloud computing capacity is also facing huge risks. In the absence of third-party guarantee and supervision, cloud computing capacity sometimes faces huge risks
bitcoin fell by more than $10000 a day. There are many reasons for the sharp fall of bitcoin. First, the most important thing is the support of relevant departments. Second, whether some big companies circulate bitcoin and whether people are willing to accept bitcoin
when it comes to bitcoin, people immediately think of a very popular virtual currency on the Internet recently. This kind of currency is g up through graphics card and precise calculation, so now the price of a bitcoin is very high, but it has dropped a little recently e to various reasons, but it still can't resist the enthusiasm of many people for bitcoin, if you want to dig bitcoin, Well, maybe the dividend period is over now. A good computer may take half a year to a year to dig up a bitcoin. So let's not consider this aspect. Today, I'm going to talk about some reasons for the sharp decline of bitcoin
if you have any good ideas about some investment techniques of bitcoin, please share them below the comments
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Bitcoin has plummeted by nearly 20%. It can be said that the prices of virtual currencies are falling rapidly overnight. Not only bitcoin, but also dogcoin Ethereum are falling rapidly, because there are more and more virtual currencies. And so on burst positions, the bulk traders continue to withdraw from the outside{ RRRRR}
according to the information released in the global market, governments of all countries have introced some new policies to strengthen the management of these virtual currencies and cryptocurrencies, which is not good news. Because strengthening management means monitoring these virtual currencies more and more strictly, we can't fluctuate, go up, go down or buy them at will like before, which may cause the price to fall rapidly
The reasons for bitcoin's collapse are as follows:
1. Tesla stopped bitcoin payment, which made bitcoin lose its payment function 2 with the increasing popularity of the Internet, more and more people begin to pay attention to emerging instries. As a leader in the emerging instry, bitcoin has developed very well in recent years. Bitcoin has been regarded as the air outlet for the transformation of the Internet instry, which shows that bitcoin technology has been recognized by many people, and the valuation of bitcoin is also rising. Bitcoin plummeted because Tesla stopped bitcoin payment, which frustrated many people's desire to become a new payment tool; Musk suggested that the company had cleared its position and sold bitcoin, which led to the short of bitcoin and the loss of long momentum; Finally, many bank accounts do not allow bitcoin trading, which makes bitcoin face regulatory risks and thus lose liquidity