What is the situation of the bitcoin crash? Other mainstream digital currencies are also falling

What is the situation of the bitcoin crash? Other mainstream digital currencies are also falling

At around 11:05 am Beijing time, Bitcoin quickly fell and fell 20%. Since the beginning of this year, Bitcoin has continued to strengthen. During the period from 5 am to 7 pm on May 14th, the highest price of Bitcoin reached US$8045, and the cumulative increase once reached 125%, setting the highest price of Bitcoin in 2019. Currently, the highest price has fallen by nearly $800 since this year.

Bitcoin

According to Tadingview, Bitcoin fell below the $6,500 mark and once hit a low of $6,178.

As of press time, Bitcoin's decline narrowed, and prices rose in short-term, recovering $7,000.

At the same time, other mainstream digital currencies are also plummeting. In the past 24 hours, ETH has fallen 9.21%, XRP fell 15.58%, LTC fell 12.58% (Bitcoin evaporated 1 trillion reasons: the biggest bubble economy collapsed in history).

For bitcoin's previous rise, industry experts believe that the increase in the value of Bitcoin is due to the participation of institutional investors, but in general the total amount of investment is far from maintaining this rise. The amount needed is only possible with the participation of the mainstream financial system.

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

Market

Can US idle home appliances provide years of energy for BTC? Cambridge University Innovation BTC Mining Index

At the same time, a report by Coinshares made a statement on this figure, saying that most of the energy is produced ...

Blockchain

Destiny and reincarnation: the moment of Bitcoin's production reduction

I. Introduction: In early February 2020, the price of bitcoin regained the $ 10,000 mark. However, just two months ag...

Blockchain

Bitcoin developers release multi-signature UI to lower the threshold for full-node and hardware wallet users

According to Cointelegraph, August 30, organizers of Bitcoin programming Boot Camp have released a proof of concept t...

Blockchain

Recharge your faith! Ten movies help you understand the ten-year history of Bitcoin

In recent years, with the widespread adoption of blockchain technology and the continued popularity of cryptocurrenci...

Blockchain

BCH is on the rise as expected, the market is still in a state of consolidation

Author | Hash sent analysis team Big talk BTC soaring logic Xu Kun believes that BTC rose to 10,000 dollars just arou...

Market

April 16 madman market analysis: the return of funds did not bring a decent rebound after the city how to do

Market analysis Bitcoin: Bitcoin quickly recovered after the next 5000 squats, indicating that it is unrealistic for ...