Usdt plummets and bitcoin soars

1. bitcoin is priced in US dollars. Bitcoin and the US dollar are in a reverse relationship.

2.

Bitcoin price accelerated to rise at the same time, there has been a more rapid decline in the callback

according to the price of coindesk on bitcoin news and information network, on January 11, the price of bitcoin fell to about US $30305, down 27.78% from the highest price of US $41962 in history. In other words, the price of bitcoin fell from $40000 to $30305 in just over a day. Before that, bitcoin took six days to rise from $30000 to $40000

from the macro-economic environment, Yu Jianing believes that the correction on January 11 can be regarded as a hedging measure taken by overseas mainstream investment institutions. He believes that one of the reasons for bitcoin's rise this year is the continued decline of the dollar index. At present, Biden's government is coming to power, "bad is good", the dollar may rebound, global commodity assets have a significant correction, and the digital asset market will adjust accordingly

in recent days, the US dollar index has risen significantly. As of press release, the US dollar index is about 90.49, down 0.06 from the previous day and up 1.16% from the closing price of 89.42 on January 6

he also pointed out that many bitcoin miners choose to sell at relatively high prices. According to cq.live, the miner's position index (MPI) has reached its highest level this year. The MPI index is higher than 2, which indicates that miners tend to sell bitcoin after mining; If MPI is negative, it indicates that they are optimistic about the short-term trend and choose to hoard bitcoin. At present, the value is about 5.26, indicating that the miners are selling bitcoin on the over-the-counter market or exchange. In addition, bytetree data also shows that in the past week, bitcoin miners g out 6894 bitcoins, but sold 10047 bitcoins, which means that the miners sold nearly 3153 bitcoins in stock

Yu Jianing mentioned that another reason for the decline is the website downtime of the largest compliance exchange in the United States, such as coinbase, after the market fluctuated violently, which delayed the trading of users, and many buying orders could not be traded normally, which also led to the bitcoin price on the website far lower than the market price, further aggravating the market panic

"e to the failure of the coinbase system, we could only sell but not hang up the bill yesterday, and the whole trading world order was destroyed." A coin circle employee also said

regulatory warning bitcoin volatility risk

it is worth noting that the recent ups and downs of bitcoin has also aroused the vigilance of regulatory authorities in various countries

On January 12, the New Zealand financial market authority (FMA) warned new Zealanders to invest in cryptocurrency prudently, according to the New Zealand Herald

"new Zealanders who are considering buying cryptocurrencies such as bitcoin should realize that they are high-risk and highly volatile assets," a spokesman for the New Zealand Financial Markets Authority said. "Cryptocurrencies are not regulated in New Zealand and are often used by fraudsters and hackers."

According to the times on January 9, HSBC has decided to stop providing cryptocurrency trading services to customers in the UK, including prohibiting customers from depositing funds into HSBC from their digital wallets. At the same time, many other UK banks have banned customers from using credit cards to buy digital currencies such as bitcoin

"the virtual currency represented by stable currency is facing more and more complicated compliance risks. As more and more economic activities migrate to the blockchain, the instry is facing great compliance pressure. The circulation of stable currencies such as usdt will grow explosively in 2020, reaching a record high. Behind this, part of the use demand comes from the normal transactions in compliance, but there are also black and gray demands for money laundering, illegal financing and other problems. In the future, the blockchain instry will face more and more compliance challenges. " Yu said

he pointed out that according to the report on anti money laundering of virtual currency released by peckshield in 2020, the value of unregulated outbound virtual currency reached US $17.5 billion in 2020, an increase of 51% compared with that in 2019, and it is still growing rapidly. The number of fraud cases involving virtual currency continued to rise to 151, an increase of 655% over 2019

Yu Jianing said: "since the second half of 2020, fraud, attack, extortion, gambling and other assets, as well as money laundering, run points and other gray assets, have begun to turn into virtual currency money laundering. The number of extortion cases has increased rapidly, and the situation of virtual currency anti money laundering is grim. In 2021, it is necessary for the blockchain and digital assets instry to adopt a more strict and prudent KYC (know your customer) review mechanism, More stringent anti money laundering standards will be implemented. "

3. It can't be simply attributed to the exchange. Sometimes there are sudden short-term fluctuations, and the exchange does participate. But the main topic is about the monthly time span, which is difficult for the exchange to control. It is more the result of the joint operation of hot money and large institutions. However, the sharp decline of the overall currency value can't be separated from the basic economic principle: the relationship between supply and demand, This is beyond anyone's control

4.

On September 14, bitcoin China, the first bitcoin exchange in China, announced that the platform would stop new user registration and all trading businesses on September 30. Surging news had learned that the regulatory authorities had already issued a notice to the local financial regulatory authorities to close the bitcoin Exchange registered and operated in the local area

Last week, after the media revealed that China would ban the trading of bitcoin RMB, the price of domestic exchanges plummeted, with the lowest domestic price being only 80% of the overseas price, which created huge arbitrage space

5. Notebook is not suitable for mining at all. Mining needs to be turned on 24 hours. Notebook can't be turned on 24 hours.

6. In the short term, there are positive correlation factors. You can make a profit. 1. Gold price. 2. The price of bitcoin futures in the United States. Three dollars. 4. For geopolitical risks, such as the Korean Peninsula or the open contest between the United States and Europe in Syria. On the middle line, 1, 2 and 4 economies. Second, the realization of the investment information of virtual currency by the world investment consortia or elders. In the long run, what is China's future policy on virtual currency?. 2. The United States and Japan. And whether the monetary policies of the countries with transactions in Southeast Asia are good. Behind the short-term profit taking. Combined with technology. When the price is fixed. Take a part of the profit and put 30%. Look at the long line. As for other virtual currencies, this is not a reference. We should act according to the circumstances. Because the international recognition of other currency transactions is not great, think twice. But now China has banned online and offline trading of bitcoin and virtual currency, which is very risky. I would like to pay attention.

7. Usdt is a TEDA currency, a digital currency linked to the US dollar. This is a legal currency. Unlike other digital currencies, how can it collapse

8. Because the main force enters, there are still several waves of main force waiting to enter, which will push up the currency price, so the earlier you buy, the better. Domestic buyers suggest opening an account in okex first, or downloading the okex app, registering an account in advance and completing the certification. They suggest buying stable currencies such as usdt first, and then forming the habit of buying bitcoin by hanging orders in the currency exchange. Don't chase up or down, and stop buying when the time comes.

9. If the price falls in the last two days, the main reason is that its price fluctuates a lot, and then the news is not very good, so it will fall.

10. There is a tank character in the front row, black riding, pudding, Peco chooses one by himself, four outputs, UB, don't let it all go.