Why does virtual currency fall today

1. That's because market expectations have fallen and trading volume has tightened

2. What is virtual currency

3. If the rise and fall curve of virtual currency is compared to a mountain, I'm afraid such a steep mountain does not exist in reality. In recent months, virtual currency has climbed all the way to the top of the mountain, and then dropped to the bottom of the valley in a period of time. During the Spring Festival, the curve rose slightly, but it didn't last long, and fell again. The virtual money market is more and more complicated.

4. In winter, don't come in, especially Shanzhai coin. 90% of the so-called good projects went crazy in June. bitcoin, Ethereum and other real virtual currencies can be bought for speculation, which has gone crazy in the last half month.

5. The main reason for the sharp decline of virtual currency is that a large number of profiteers take back virtual currency, which depresses the market
in addition to being depressed by profit taking, worries about the order processing capacity of Ethereum also contributed to the sharp drop in the price of this digital currency. Last week, the price of Ethernet currency once "collapsed", falling from more than $300 to 10 cents in a few minutes because of the network congestion caused by too many orders.

6. The cleverness of bitcoin design is that the groups and organizations with greater energy and computing power have more responsibility to maintain the security of the whole network, which is in their interests. The greater the ability, the greater the responsibility, which is reflected incisively and vividly in the bitcoin network, is an equilibrium point in the dynamic asymmetric game.

7.

The collapse of cryptocurrency market, some experts said frankly, from the reality, including bitcoin virtual currency in the financial settlement system of various countries, does not have the function of currency trading< virtual currency has the attribute of financial derivatives, its price trend is also affected by many factors , sudden regulatory trends, news and public opinion and major technological changes, etc. may make its trading price fluctuate significantly

In addition to the above reasons, another reason is the excessive concentration of virtual currency holders. Virtual currency trading is mainly carried out through the third party, namely the virtual currency exchange, and the trading platform becomes the largest holder, which also makes it possible for the makers to form a group and control the currency trading price

{rrrrrrr}

extended information

the rapid decline of bitcoin has caused heavy losses to investors:

"mining" is hot and profitable, but the risk is also huge. Any market fluctuation will cause violent turbulence. In the past weekend, there was a wave of "crash", cryptocurrency collective flash

as of the noon of April 18, according to the 24-hour rise and fall, bitcoin has plummeted by 17%, Ethereum has plummeted by 20%, coin an has plummeted by 17%, reborn has plummeted by 26%, doggy has plummeted by 19%, Leyte has plummeted by 28%, BoChang has plummeted by 25%, and grapefruit has plummeted by 29%. In particular, the rapid decline of bitcoin has caused heavy losses to investors, reaching 4.4 billion US dollars in one hour

8.

The sudden drop is e to various reasons. The first is the policy supervision problem

According to Yingwei financial news, several online reports attributed the decline to market speculation that the US Treasury Department may crack down on money laundering through digital assets. It is understood that US Federal Reserve Chairman Powell recently publicly said that he does not support virtual currencies, and he believes that they are not really actively used for payment

in addition, European Central Bank President Lagarde in January this year aimed at the role of bitcoin in promoting criminal activities, saying that the cryptocurrency has been promoting "interesting business"; The Central Bank of Turkey has issued "Regulations on the prohibition of encrypted assets in payment", announcing that payment with cryptocurrency will be prohibited from April 30. The government also pointed out that cryptocurrency wallets are easy to be stolen, and irreversible transactions are also worrying

in March 2020, the Supreme Court of India rejected the Central Bank of India's 2018 policy of prohibiting banks from participating in cryptocurrency related transactions. This news led to the influx of Indian investors into the cryptocurrency market, but then, the Central Bank of India once again expressed concern about cryptocurrency, and some officials disclosed that India will propose a new bill to ban all cryptocurrencies...

policy regulation has always been the most serious problem facing cryptocurrency, and in addition to that, The CEO of coinbase just mentioned above cashed out 290 million US dollars by selling the company's shares, and the accumulated internal cash out exceeded 4.6 billion US dollars; Alexia Haas, chief financial officer of coinbase, cashed out about $99.32 million at $388.73. All of these actions have caused instry panic

extended information:

there are many advantages. Cryptocurrency is in a bull market recently

in the last two months, cryptocurrency Market has seen a collective rise and prosperity. Take bitcoin as an example. Since it broke through the $50000 mark again in early March, the price of bitcoin has been steadily higher than that level. Bulls even pushed the price up to an all-time high of nearly $65000. Behind this, it is the news that PayPal has entered the field of cryptocurrency, and more importantly, it is the attention of traditional capital

In February this year, JPMorgan Chase, the largest financial services institution in the United States, will launch JPM coin, an encrypted digital currency, to settle payment transactions between customers in real time; Big banks, including Goldman Sachs and Citigroup, are also expanding their services to cryptocurrency