Bitcoin Ethereum plummeted in 1114

Yesterday, according to the data of okcoin, a well-known domestic digital asset trading platform, the bitcoin price continued to decline in the previous trading day after the opening. The lowest price fell to 18587 in the early session of Asian market, and then stopped falling and rebounded. By the end of the day, the bitcoin price had rebounded to near the opening price. As of today's press release, prices fluctuated in a narrow range around yesterday's closing price, with the latest trading near 19560

within the day, at the 4-hour level, the moving average system (5, 10, 20) continued to maintain a good short position, but after the price broke 2220 support, there was no large-scale downward trend, but the long shadow K line was closed for many times, and the MACD index also showed that the downward momentum was limited here; At the 1-hour level, MA60 is an important pressure line for the current round of decline. The price has been supported twice in a row at the 2150 level. The rebound needs to first pay attention to the resistance effect of MA60

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to ask how much worry you can have, which is like worrying about money
since December last year, the price of bitcoin has continued to decline, with the average price of bitcoin hovering at US $6000. For old chives, the bear market of "bitcoin circle" for half a year seems nothing, but for those who have not yet entered, their hearts are full of doubts. Is this a new round of bear market of "coin circle", Or does it mean bitcoin has taken off all its packaging and returned to its e value. Perhaps the collapse of the currency circle is not a "bear market". Bitcoin has fallen from US $20000 to US $6000, Ethereum has fallen from the highest US $1500 to more than US $300, the prices of various air currencies and counterfeit currencies have been cleared, and the total market value of global digital currencies has fallen from more than US $800 billion to the lowest US $260 billion. More people call this a long bear market of the "currency circle", When all bad currencies leave the market, the currency circle will return to the bull market

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2. For coin friends, whether they are novices or veteran, it is the best choice to choose to wait and see under such circumstances< otherwise, it's not making money, it's giving money

On April 18, it was reported that the price of bitcoin had soared for a time, once exceeding US $64000. Today, bitcoin suddenly plummeted, once falling by more than 15%, the price fell below US $52000 / piece

for the sudden collapse of bitcoin, some analysts in the instry believe that it may be affected by the latest news that the US Treasury Department has accused several financial institutions of using cryptocurrency to launder money

affected by the sharp fall of bitcoin, other digital currencies have declined to varying degrees. Ethereum plummeted 20%, coin an plummeted 17%, reborn plummeted 26%, and even Musk's favorite dog coin plummeted 19%

extended data

experts said that the slump is a normal phenomenon:

"in fact, the slump of bitcoin is just a normal phenomenon in the market." First of all, bitcoin itself is a kind of high-risk emerging asset, and its daily price fluctuates a lot, and it is often prone to sudden rise and fall, Li William, chief researcher of Ouyi okex Research Institute, told reporters. Secondly, from an empirical point of view, the withdrawal in the bitcoin bull market is about 33% - 66% of the basic trend direction, lasting for a week or several weeks

according to him, even though bitcoin has entered a bull market since January 2021, with a cumulative increase of nearly 2 times, it often falls sharply, with the biggest daily drop of more than $5000 for at least 7 days, and the biggest daily drop of more than $10000 for two consecutive days on February 22 and February 23

William Lee further said, "from the fundamental point of view, this round of bitcoin slump also has regulatory impact. On Friday, Turkey's central bank banned the use of cryptocurrency and cryptoassets for payments, citing possible "irreparable" damage and trading risks. Shortly after the news, bitcoin fell about 4%. For investors who have entered the market early and hold a large number of bitcoin chips, they have made a lot of profits at this time. In the case of unclear supervision in the future, it may be the best time to choose to sell bitcoin and leave the market, which triggered a subsequent slump. "

On April 18, 2021, the global virtual money market plummeted, and the cryptocurrency market experienced the most serious slump in history. On a 24-hour basis, bitcoin has plummeted by more than 16%, Ethereum has plummeted by nearly 20%, coin an has plummeted by 17%, and reborn has fallen by 26%. Within one day, more than 620000 people were liquidated, and the amount of liquidation exceeded US $5579 million. Brian bull, CEO of coinbase, a virtual currency exchange; Armstrong sold $290 million of the company's shares, bringing the total market value of its insiders to more than $4.6 billion. In addition, alexia & middot, the chief financial officer of coinbase; Haas cashed out about $99.32 million at $388.73

it is reported that the ability of cloud computing is to split the mining machine into independent units. The mine provides mining machine computing power leasing services. Investors only need to purchase the calculation contract to & lt; Cloud mining;, Get the corresponding virtual currency. On several cloud computing platforms, it is found that the rate of return declared by each platform is not low, and some annual rates of return even exceed 100%. At the same time, cloud computing capacity is also facing huge risks. In the absence of third-party guarantee and supervision, cloud computing capacity sometimes faces huge risks

I don't think bitcoin will collapse