Bitcoin stood on 10,000 US dollars, gold, crude oil rose, the dollar fell

At around 7:30 in the morning of the 22nd, Bitcoin broke through 10,000 US dollars, and the highest station stood at 10287.5 US dollars, returning to the five-digit era. As of press time, the price of Bitcoin was $10,200, and the price of RMB was $70010.

WeChat screenshot_20190622075207

According to QKL123 data from the blockchain integrated service provider, this is the first time Bitcoin has returned more than $10,000 since March 2018, which is the 13-month high. Starting from the low of $3,189 in December 2018, bitcoin prices have tripled in the past six months. The Babbitt Composite Index (8BTCCI) has reached 16948.41, a daily increase of 4.53%, the highest ever.

The starting point for this round of upswing may be April 2, 2019, when Bitcoin suddenly increased its volume by 18.51%. Almost the entire market has no clue about this rise. Zhao Changpeng, the founder of the coin, sent a Twitter on the market: "Does anyone know any news? Many people ask me, I really have no clue."

At present, the price of Bitcoin has dropped after standing at 10287.5 US dollars. At 9 o'clock last night, Bitcoin also had a large amount of selling pressure, and finally stopped at the 9650 US dollar position. In terms of trading volume, bitcoin increments are not large, but market sentiment is heated and FOMO sentiment is high. The circle of friends has been screened by words such as "historic moments, sleeping, sleeping, getting high".

One of the uncertain factors last night was whether the new FATF regulations in the US caused a negative situation. From the current news, the impact of the new FATF regulations is limited.

Under the latest measures, virtual asset service providers will be required to implement the same anti-money laundering and anti-terrorist financing requirements as traditional financial institutions. It is equivalent to saying that market practitioners are required to adopt more stringent management. Obviously, this is an industry trend.

In addition, Trump gave up air strikes against Iran, oil prices remained fierce, and gold broke through the $1400 mark, the biggest weekly gain in three years, and even the three major US indexes also closed down. The dollar has hit the biggest weekly decline since February 2018.

In this context, some analysts pointed out that although bitcoin prices hit a recent high, the mainstream currency did not rise much. Moreover, even if Bitcoin stands at a high of $10,000, the technical side may still be adjusted back to around $9,000.

Bitcoin prices may fluctuate at any time, and 10,000 US dollars is a psychological barrier to some extent. In the case of large fluctuations in the market, investment still needs to be cautious.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Raise $130 million! Encrypted exchange INX will issue securities tokens via IPO

According to Coindesk's August 20 report, the incremental exchange startup INX Limited plans to raise $129.5 mil...

Blockchain

Regulatory throat, BitMex distress: Can the "king of leverage" survive the crisis?

文|武旭升 Edit|嚯嚯 On August 1, Arthur Hayes, the BitMEX CEO who was suspected t...

Blockchain

After the delisting of FTX, Binance entered the options market, why did it choose the "American option" that is different?

Binance has been very eye-catching recently, withdrawing its own FTX tokens and preparing to launch new businesses su...

Blockchain

Data report: Which exchanges are the most used in currency, fire, and OKEx?

(Image courtesy of 2Bitcoins.ru ) The Blockchain Transparency Institute (BTI) recently released a market monitoring r...

Blockchain

FTX Bankruptcy Estate Bets Big $150 Million SOL and ETH on the Line as Sam Bankman-Fried's Trial Unfolds

It seems that addresses associated with the insolvent cryptocurrency exchange, which is currently being managed by a ...

Market

Dialogue with Circle CEO How can USDC recover the market lost due to SVB's bankruptcy?

In this interview, Laura Shin and Jeremy Allaire discussed various topics including Coinbase's investment in Circle, ...