BTC rose more than $800
bitcoin, whose price has been around $9000 recently, finally broke through the $10000 mark yesterday (June 2) morning
however, around 11:00 p.m. on the 2nd, & lt; Thrilling & quot; As a result, the price of bitcoin plummeted nearly $800 in six minutes, down nearly 8%
as of 1:00 a.m. on June 3, Beijing time, the amount of bitcoin's full network exposure in the past 24 hours has exceeded 700 million US dollars, about 5.111 billion yuan, and the number of exposure is about 36000{ RRRRR}
Goldman Sachs pointed out that & lt; Cryptocurrency, including bitcoin, is not suitable as an asset class, but a security& rdquo; The reason given by the agency is that the price fluctuation of cryptocurrency has no stable correlation with other assets, and there is no evidence that cryptocurrency can be used as a hedge against inflation. In addition, Goldman said, & lt; The price rise of cryptocurrency mainly depends on whether other people are willing to pay a higher price for it, which is not a suitable investment tool for our customers& rdquo;
Since last weekend, BTC has soared all the way from 6400 on Friday to 7500. Today, it has exceeded 8000 US dollars. This surge caught the masses off guard and made investors ecstatic
2019 can be described as a "prosperous" year for bitcoin. It is strong enough to get rid of the downward trend in 2018 and usher in a recovery. It has broken through 6000 points, 6400 points, 6800 points and other barriers one after another, and even reached $8000, making the coin circle return to its long lost heat
BTC is also in the focus of social media. Let's explore the reasons behind the boom:
the rise of bitcoin is not so much a sudden "earthquake" as a long-term "storm"
first of all, bitcoin immediately ushers in the practice of recing proction once every four years, which will inevitably lead to an increase in the price of bitcoin. Second, fidelity, the world's largest asset management company, joined the ranks of bitcoin investors in May. Compared with traditional investments such as gold and oil, bitcoin has achieved an average return of 457% in the past two years, making traditional financial giants ready to move
in January this year, the US Congress discussed two bills on virtual currency, and bitcoin futures ETF returned to the public view. However, the market failure of usdt currency makes a large number of users of usdt into the embrace of BTC
of course, President trump of the United States is the only culprit. Since then, trump has decided to raise China's export tariff from 10% to 25%. China's export instry is facing a disaster. The domestic stock market has plummeted, and hot money has flowed into the cryptocurrency market from the stock market, which has contributed to the surge of the comparative currency< Bitoffer revealed that bitcoin may return to its peak
according to the COO of bitoffer of Singapore sto exchange, the price of bitcoin has returned to last April's level, and it is predicted that it will exceed US $100000 this year<
45% of the respondents believe that when BTC reaches $10000, there will be fomo effect
Tom Lee, co-founder of fundstrat, launched a questionnaire on twitter about "what price BTC will have fomo effect". Up to now, the survey data shows that 32% of the people think that when the BTC exceeds $20000 (a new high), the BTC will be the highest; 45% thought that when the BTC reached $10000; 23% think it's now
bitoffer is a cryptocurrency exchange from Singapore STO, which provides secure and reliable bitcoin trading and asset management services for millions of users in more than 100 countries< br />
factor 1: bitcoin's spot trading volume rose
the decline on March 13 caused BTC to drop from US $8000 to US $3600 within 24 hours, and the buying volume of coinbase, Kraken, binance, bitfinex and other spot exchanges surged
at the same time, open positions (used to describe the total number of long and short positions opened at a specific time) fell sharply in mainstream futures exchanges (including bitmex, binance futures and okex)
the sharp decline of open position and the obvious increase of spot purchase volume of futures exchange actually lead to the transformation of the market. The spot market began to control the price of bitcoin, rather than the futures market
the futures market usually causes sharp fluctuations in the price of bitcoin, because traders use leverage (borrowed funds) to trade cryptocurrency, while in the spot market, investors buy and sell bitcoin without borrowing funds
this change has stabilized the market, enabled the price of bitcoin to rebound without a significant correction, and the volatility is relatively low
factor 2: BTC should not have fallen below $4000 at the beginning
on March 31, coinbase published a blog post, describing in detail the market trend after bitcoin plummeted to $3600
the exchange said that most users of the platform bought bitcoin after a sudden decline, adding that the waterfall clearing led to a much lower decline in bitcoin on the futures exchange than on the spot exchange
coinbase explained: "waterfall clearing is the most prominent in bitmex, which provides highly leveraged procts. During the sell-off period, bitcoin trading price on bitmex was much lower than other exchanges. Until bitmex was maintained at the time of the highest volatility (based on DDoS attacks), waterfall clearing was suspended and prices rebounded rapidly. When the st settles, bitcoin hovers around $5000, before plummeting below $4000. "
this opens up a theory that bitcoin should not have fallen to $3000 in the first place, which explains why bitcoin rebounded rapidly to $7350 in a V-shape
factor 3: rapid recovery to key support level
since the beginning of 2018, the level of $5800 has been an important support area in history. Avoid bitcoin prices falling between $3000 and $4000, except in December 2018
bitcoin prices quickly recovered from the $3000 range to $5800 in seven days. After three tests in March, the price of $5800 became a strong bottom, allowing bitcoin to continue its rally.
It's hard to say that the value of bitcoin depends entirely on other digital currencies. Many digital currencies anchor the rise and fall of bitcoin. Moreover, although bitcoin itself limits the number of issues, its lower limit is wireless issuance. Compared with the most popular 21 million, it has been issued nearly 100000 times. Moreover, it lacks supervision, Its price is completely controlled by some capital parties and teams, becoming a tool for capital to harvest leeks
according to my estimation, the value of bitcoin will continue to rise, and it will continue to be issued, which is equivalent to a big plate. In order to attract more people into the pit, bitcoin must rely on the rise to attract investors, and then harvest through the control panel. This can also be seen from the rise and fall of bitcoin in the past five years, And the change of funds< br />
since then, the pie has risen to US $14000 for more than a month. Today, it has been nearly two months since this high point. At present, the range of shock is almost a 30% callback
so, according to the historical situation, we are likely to experience another 150% rise this year? And if it can be realized in the next few months, it also means that the bear market is really far away from us:
however, it should be noted that the above is based on the rising cycle in history, and now, logically speaking, we can't be 100% sure that we must be in a rising cycle now. If we choose this chart today, we also want to remind the players who are looking at the general trend, Or we should be cautious to do some catch-up and sell down, or wait for a "bottom hunting" point, because it is possible to miss one or two times the income of ten or twenty points
time really flies. It is expected that bitcoin will rise to US $15000 by the end of the year
the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins 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, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
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fluctuate from time to time. It is suggested that you should be more accurate on the website. Generally speaking, more than $7000
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