Bitcoin in USC
On March 12, bitcoin rallied and its price rose to $58139 , close to the record high set in February
according to assetdash's prediction, the market value of bitcoin may soon exceed that of alphabet, the parent company of Google, or even the money supply of won. However, bitcoin suddenly collapsed that night, spilling more than $3000 in two hours, which stunned many investors. "Safe haven assets" have become "high-risk" assets
Du Jun, co-founder of fire currency, said that although the recent rise in currency price has boosted market confidence and the instry is generally optimistic, it can not be ignored that the US inflation index CPI is in line with expectations, and the rise of the three major indexes of the US stock market also has an impact on the mood of the virtual money market. The recent rise of bitcoin has something to do with the massive purchase of bitcoin by many traditional companies
extended information:
a well-known trading platform was investigated
the collapse of bitcoin on the evening of 12 may be related to the news that a well-known trading platform was investigated
on the evening of March 12, some media reported that the US Commodity Futures Trading Commission (CFTC) was investigating the virtual currency trading platform coin an, and the investigation content was whether the company allowed us residents to trade its regulated derivatives illegally
according to people familiar with the matter, coin an is not registered with CFTC. But coin an has not been charged with misconct and the investigation may not lead to any enforcement action. The CFTC regards virtual currencies such as bitcoin and Ethernet as commodities and has jurisdiction over its futures and other derivatives. This means that if Americans trade on the virtual currency platform, no matter where the exchange is located, the platform will face strict customer protection and regulatory requirements
a person close to the trading platform told China Securities News that coin an had no major accident and strictly abided by the rules. At present, it is only under investigation
according to some people in the encryption instry, the investigation shows that the US regulatory authorities may prevent virtual currency investment from becoming the mainstream investment mode in the United States, and are stepping up the crackdown on virtual currency violations