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

Blockchain

Hardcore PK gold: Bitcoin and gold, who is the better hedge asset? (on)

There is a simple and crude consensus in the currency circle: as long as deflation is in effect, prices will rise. Th...

Market

Chainlink: Reaching New Heights and Oracle Superpowers

In October, LINK's price has exhibited impressive strength. What could have caused this surge?

Blockchain

11 years later, Bitcoin is still hard to use

Source: LongHash Editor's Note: This article has been deleted without altering the author's original intent...

Blockchain

Bitcoin plummeted, where did the money go?

If archeologists study Bitcoin in the future, it will definitely give a name to the change in the cryptocurrency mark...

Market

Getting Started with Blockchain | Why Does Bitcoin Blockchain Need SegWit?

Author: Nikolai Kuznetsov Compilation: Quantitative Kick Horse SegWit, also known as Segregated Witness, is a name fo...