Bitcoin has fallen, will you follow up?
Bitcoin is a type of virtual currency that is limited in quantity but can be used to cash in: it can be exchanged for most countries. You can use Bitcoin to buy virtual items, such as clothes, hats, and equipment in online games. If you accept it, you can use Bitcoin to buy real-life items._DJMINER
On January 22, 2017, Firecoin.com, Bitcoin China and OKCoin issued a notice on their respective official websites. In order to further curb speculation and prevent price fluctuations, the platforms will start at 12:00 on January 24, 2017. The transaction service fee is charged, and the service fee is charged at a fixed rate of 0.2% of the transaction amount, and the active transaction rate and the passive transaction rate are the same._DJMINER
In the 10 years since the birth of Bitcoin, it has shown significant volatility. At the end of 2017, Bitcoin soared to nearly $20,000, but it plummeted in the second year.
Bitcoin has more than doubled this year. This summer, Facebook announced its own Libra cryptocurrency program. Analysts say that Libra's cryptocurrency has boosted the positive popularity of Bitcoin and pushed up its price.
Beijing time on the 25th, according to CoinDesk data, the world's most popular cryptocurrency bitcoin plunged 15% on Tuesday, falling to a low of 7,944.33. This is the first time since mid-June that Bitcoin has fallen below $8,000, the lowest level in four months.
Analysts pointed out that there are many reasons for Bitcoin's decline, including bitcoin breaking through key resistance levels. BKCM CEO Brian Kelly said that $9,000 is a "main support" position, and when Bitcoin falls below this level, it triggers a wave of "selling."_DJMINER
According to analysts, there are many reasons for the plunge in the bitcoin. The important reason may be that Bitcoin falls below the important support level of $9,000. The $9000 is an important point of Bitcoin. Once it falls below, it will form a wave. The “selling tide” caused the price to fall further.
Some analysts believe that the reason for the collapse is related to the Fed’s interest rate cut. Just a few days ago, the New York Stock Exchange’s parent company, the Intercontinental Exchange, launched a Bitcoin futures contract to attract investors who are hesitant to trade encrypted assets. These futures will be delivered in bitcoin, but the overall expectations are not good. The transaction is deserted, which may also have a certain impact on this decline.
Some analysts believe that Bitcoin is weaker because investors reacted coldly to the bitcoin futures launched by the NYSE's parent company, the Intercontinental Exchange on Monday._DJMINER
Some analysts also said it is still too early to observe the impact of this futures product on the long-term changes in Bitcoin.
In addition, it must be said that with the US social networking company Facebook ready to issue Libra, the bitcoin, which is an older cryptocurrency, has indeed been robbed of many sharp points.
Whatever the reason, the plunge is not an opportunity, what do you think?_DJMINER
On January 22, 2017, Firecoin.com, Bitcoin China and OKCoin issued a notice on their respective official websites. In order to further curb speculation and prevent price fluctuations, the platforms will start at 12:00 on January 24, 2017. The transaction service fee is charged, and the service fee is charged at a fixed rate of 0.2% of the transaction amount, and the active transaction rate and the passive transaction rate are the same._DJMINER
In the 10 years since the birth of Bitcoin, it has shown significant volatility. At the end of 2017, Bitcoin soared to nearly $20,000, but it plummeted in the second year.
Bitcoin has more than doubled this year. This summer, Facebook announced its own Libra cryptocurrency program. Analysts say that Libra's cryptocurrency has boosted the positive popularity of Bitcoin and pushed up its price.
Beijing time on the 25th, according to CoinDesk data, the world's most popular cryptocurrency bitcoin plunged 15% on Tuesday, falling to a low of 7,944.33. This is the first time since mid-June that Bitcoin has fallen below $8,000, the lowest level in four months.
Analysts pointed out that there are many reasons for Bitcoin's decline, including bitcoin breaking through key resistance levels. BKCM CEO Brian Kelly said that $9,000 is a "main support" position, and when Bitcoin falls below this level, it triggers a wave of "selling."_DJMINER
According to analysts, there are many reasons for the plunge in the bitcoin. The important reason may be that Bitcoin falls below the important support level of $9,000. The $9000 is an important point of Bitcoin. Once it falls below, it will form a wave. The “selling tide” caused the price to fall further.
Some analysts believe that the reason for the collapse is related to the Fed’s interest rate cut. Just a few days ago, the New York Stock Exchange’s parent company, the Intercontinental Exchange, launched a Bitcoin futures contract to attract investors who are hesitant to trade encrypted assets. These futures will be delivered in bitcoin, but the overall expectations are not good. The transaction is deserted, which may also have a certain impact on this decline.
Some analysts believe that Bitcoin is weaker because investors reacted coldly to the bitcoin futures launched by the NYSE's parent company, the Intercontinental Exchange on Monday._DJMINER
Some analysts also said it is still too early to observe the impact of this futures product on the long-term changes in Bitcoin.
In addition, it must be said that with the US social networking company Facebook ready to issue Libra, the bitcoin, which is an older cryptocurrency, has indeed been robbed of many sharp points.
Whatever the reason, the plunge is not an opportunity, what do you think?_DJMINER
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