BTC US dollar current price
according to the data of coindesk digital currency trading platform, the price of bitcoin once fell below US $6000 in 18 years, which has dropped by 70% compared with the highest value of US $20000 in 2017
"the price movements we are seeing now may seem drastic, but they are quite normal for this market." Etiro's senior market analyst, MATI Greenspan, wrote in an email to CNBC
with the decline of bitcoin, most digital currencies are affected, and other digital currencies are not much better. Most digital currencies are down by more than 10%. But in the long run, the future of digital currency is worth looking forward to.
The impact of the okex incident on the currency market is fading; With the US election becoming increasingly white hot, the difficulty and hash rate of bitcoin are higher than before
in terms of price, so far, BTC has rushed to around us $11720, with a 24-hour increase of more than 2%
so the question is: where will bitcoin go in the next week
here are five factors that may affect the BTC price trend in the coming week
No.1 US macro level: election and stimulus plan this week, the US is the absolute focus of the macro market. The US presidential election will soon usher in a decisive moment (November 3)
analysts warn that if the Democratic Party (Biden) wins, the dollar will depreciate - and the long-term outlook for the dollar is already precarious. Goldman Sachs said last week that Trump's re-election was not enough to get the dollar out of danger
however, no matter what the election result is, professionals recommend buying gold as a hedge. However, in the view of others, bitcoin may bring more profits
However, e to the inverse correlation between BTC / USD and the dollar currency index (DXY), the strength of the US dollar, in the view of some bitcoin traders, will still affect the price trend of bitcoin. Although this correlation has become less and less obvious in recent weeks, the sudden weakness of the US dollar is still likely to be a boon for bitcoin
six month chart of US dollar currency index. Source: tradingview
at the same time, not only the election, but also what happened before is also a topic of interest. Specifically, a coronavirus stimulus plan was in place before polling day
If this happens, trillions of dollars of liquidity will increase the growing debt pile of the United States, and Americans will see additional benefits, such as an additional $1200 economic stimulus planNo.2 Europe suggests more intervention
with the outbreak again, the European Central Bank (ECB) is considering further measures
European Central Bank President Christina; In an interview with Le Monde on Monday, Lagarde said the European Central Bank would use more financial instruments if necessary
the European Central Bank's coronavirus stimulus program has purchased a total of 1.5 trillion euros of assets
"We haven't run out of options in our toolbox yet," says Lagardebrexit is increasingly moving towards "no agreement" brexit, which makes the possibility of instability worse
No.3 the fundamentals of bitcoin have reached a new high
recently, bitcoin has maintained a strong resilience in the face of various black swan events. Influenced by okex, BTC recently dropped below $11200, but recovered steadily soon. So far, it has exceeded $11600
and on the technical level, the fundamentals of bitcoin also maintained a record strength this month
two days ago, the difficulty of the latest adjustment increased by 3.5% than expected
at the same time, the hash rate also climbed to a record high on Monday. At the time of publication, the estimated computing power for mining is 146 exahashs (EH / s) per second
as often reported in the media, the popular theory is that the price follows the hash rate, because the long-term investment prospect of bitcoin is better than ever before
bitcoin 7-day average hash rate 1-month chart
No.4 analysts focus on $12000 BTC price breakthrough
for famous analyst Micha & # 235; For Lvan de Poppe, the key price conversion of bitcoin is becoming more and more reasonable
in his latest video update on Sunday, he stressed that the significant resistance level of weekly closing price below US $12000 for several consecutive years will soon end
Van de Popper believes that since the beginning of the bear market in early 2018, US $12000 has become the rejection point of the weekly chart, but the consolidation below cannot last forever
he concluded: "we are likely to rebound to the range of US $16000 to US $17000, because this is the obvious level and the last obstacle for bitcoin to begin to break through the all-time high."
after this move, there will be another consolidation period, which may last longer than the current period
van der BOPP added that he advised viewers to work hard to accumulate bitcoin, even in the $16000 range
BTC / USD 7-day price trend chart. Data source: coin360
No.5 market sentiment: greed is back
with the graal strengthening of prices, investor sentiment is also changing: data shows that investor sentiment is becoming more and more greedy. In the latest market data, the fear and greed index has returned to the "greedy" area, rising slightly from "neutral" in the past week
this indicates that bitcoin investors' emotional expectations will be bullish, but it should be noted that if the price rises too fast, "greed" will become "extreme greed", in which case the index is more likely to callback
Yes , January 22 , the price of bitcoin continued to decline in the previous two days. According to the price of coindesk, the bitcoin price once fell to $28845 , 17.83% lower than the highest price of $35102 in 24 hours
as of 10:10, the price of bitcoin was about US $29918, with a decrease of 13.94% in 24 hours. The turnover of bitcoin in 24 hours was US $70.71 billion, with a market value of US $556.66 billion. This is the third consecutive day that the price of bitcoin has fallen. On January 20, the price of bitcoin fell from more than $37000 to less than $35000, and then fell below $32000 on January 21
extended data
the dispute over the price of bitcoin continues:
in the past seven days, bitcoin has experienced a roller coaster like correction, falling for three consecutive days and piercing the 10 day moving average downward. Compared with the historical high of nearly 42000 US dollars in the first ten days of this month, it has dropped to more than 10000 US dollars in just a few days
at present, the dispute over the price of bitcoin continues: those who believe that bitcoin will continue to rise believe that institutions' understanding of the digital currency is graally maturing and use it as a hedge against inflation; Opponents argue that this is just another bubble after the collapse of the bitcoin in 2017. p>
John Normand and Federico manicaldi, strategists of JPMorgan Chase, wrote in a report on Thursday that bitcoin has set the fastest price appreciation record in the history of major assets, and the current price is far higher than its mining cost, which means that the decline of bitcoin's return rate will be inevitable
the price of Leyte is determined by supply and demand. When the demand for Leyte increased, the price of Leyte increased; As demand decreases, prices fall. At present, only a small number of leytes are in circulation, and new leytes are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, Leyte is still a relatively small market. It does not need a lot of money to make the market price fluctuate. Therefore, the price of Leyte is still very unstable.
Bitcoin, which recently peaked at $64000, has fallen below $52000. Now many people have left the market, and the whole market has volatilized 37.9 billion yuan. it is common for the whole virtual money market to fall and rise sharply. This fall may be e to the technical adjustment of operators, because the head structure of bitcoin has come out in the medium term, and it is bound to fall under normal circumstances, because it has almost reached the peak in the short term
bitcoin is destined to be a target of leek cutting in the eyes of Warren Buffett, bitcoin has risen so high, I personally think that the market is no longer regulated, and many risks have been obvious, but there are still many people looking for stimulation and have been frantically squeezing their heads in
now many video card players have begun to mine. In the past, almost everyone in many video card forums was discussing virtual currency, even operating virtual currency. Most of them are optimistic about the future of virtual currency, because virtual currency is g out free of charge. If they have a graphics card in their hand, they can make profits after calculation. If they can make profits, except for electricity charges and losses, it is suggested that mining can be carried out, but it is a waste of resources
in the long run, I don't think bitcoin has reached the end. The price of bitcoin is too high. A virtual currency that can't be seen or touched can be fried to more than 30 thousand pieces. Now, if you buy it, you may be able to harvest leeks further. However, if you play short-term, there may be a certain possibility that you will make a profit, but the risk is too big, so it is not recommended that you enter the market now
Bitcoin, once again, has become an Internet hit at the weekend. I've been paying attention to bitcoin for a long time, but I didn't buy it, because no matter how fast it increases in value, I still have a reservation about bitcoin, because countries all over the world don't recognize bitcoin, and it is likely that it will be a bubble in the end, just like beating drums and passing flowers. No one knows whether he is the last one, If you are the last one, then all your property will no longer be your property. Let me talk about my view of bitcoin and why I don't buy bitcoin
there are a lot of investment procts, so don't stick to virtual & lt; Currency;, For bitcoin, from a few cents to tens of thousands of dollars now, many people have been addicted to it. But I don't approve of such crazy investment. After all, we all work hard to make money. We may get rich overnight, but more likely, we have nothing overnight, so I won't invest in bitcoin, Once again, I would like to advise you not to touch such a person; Investment currency;, That's why I won't buy bitcoin. I believe many people have thought about this factor, but some people still can't resist the temptation of bitcoin's high profits
The price of bitcoin has dropped below $52000, compared with the peak of more than $60000. To be honest, its price has dropped a lot. But if you want to know, a few months ago, the price of bitcoin was only more than 10000 dollars. Compared with the decline of bitcoin this time, the rise of bitcoin is far more than these. So if you look at the long-term holding, the collapse of bitcoin this time will not cause too much impact. But it is clear that many people are not able to see bitcoin fall. So today we will discuss what factors are behind the collapse of bitcoin{ Third, how to view the collapse of bitcoin
in fact, the collapse of bitcoin was foreshadowed before he went on the stage, and bitcoin has no value. Of course, this is not what I said alone. Bitcoin itself has been speculating about its scarcity. But as long as you know a little about finance and technology, you can understand that the scarcity of bitcoin can be copied, so it does not have much investment value. This bitcoin slump should be just the beginning. After that, the price of bitcoin will graally return to a rational state
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses the design of cryptography to ensure the security of all aspects of currency circulation. Bitcoin network uses & lt; Mining & quot; The next generation of bitcoin. The so-called & lt; Mining & quot; In essence, it is to solve a complex mathematical problem with computer to ensure the consistency of Distributed Accounting System of bitcoin network. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer
most countries do not recognize bitcoin as a real currency, and the price of bitcoin fluctuates under the influence of national policies, because the fatal weakness of bitcoin is that with the cryptocurrency exchange, black money easily has a legal source. Money laundering is abhorred by all countries. What kind of behavior needs money laundering? Drug trafficking, smuggling, fraud, corruption, bribery and tax evasion. Also easy to make capital flight, also known as asset transfer. If a businessman wants to immigrate and convert all his assets into US dollars, he needs to go through the State Administration of foreign exchange. Now the foreign exchange control is strict, and 50000 yuan has to go through the process of filing. The state will never give a large amount of foreign exchange to indivials. With bitcoin, it's different. It doesn't need to go through the safe. Among other risks, e to the lack of regulation, cryptocurrency & lt; It may cause irreparable losses to all parties in the transaction;. Payment may & lt; This includes factors that may undermine people's confidence in the methods and tools currently used in payments
Judging from the latest market transaction price, bitcoin's transaction price has fallen below $52000. In fact, the main reason for this situation is that he rose too much before and is now in the process of falling back. Of course, because of the decline of bitcoin, a lot of people are bankrupt now. But in fact, behind the fluctuation of bitcoin this time, there is a very simple economic law, that is, the recovery of market economy. Today, we will discuss the relationship between the recovery of market economy and the rise and fall of bitcoin{ RRRRR}
Third, how to treat the investment of bitcoin
I think bitcoin investment is a very uneconomic thing under all the answers. First of all, it does not have any credit multiple. Bitcoin, on the other hand, often meets a slump after a boom. A lot of media publicize that bitcoin is a form of payment in the future, but it is obvious that governments are developing their own digital currency and will not let bitcoin develop like this