🚨 Must-see for newbies in the cryptocurrency world! BTC plunged, what happened? What will happen next?
New friends in the cryptocurrency world! Today is a thrilling day! You may have noticed that the BTC (Bitcoin) that everyone cares about suddenly fell from 64K to $58K, and the entire market seemed to have turned into a red ocean.
🤔 Why did BTC plunge?
Imagine that Bitcoin is like a super popular star. Suddenly one day, Mt. Gox, a big fan, sold 140,000 concert tickets of the star at once (this is much more than ordinary people!), so there is a surplus of tickets on the market, and the price naturally falls. There are also many miners (we call them miners) who also sold a lot of Bitcoin in June, adding up to 30,000 tickets! As a result, everyone began to worry that the popularity of this star would decline, so they also sold, causing the price to fall all the way.
😱 What impact has the cryptocurrency market been affected by?
The market cap of the entire cryptocurrency market is like a big pie. When the popularity of Bitcoin, the "star", decreases, the entire pie becomes a little smaller, about 4.3%. And the other cryptocurrencies that follow Bitcoin (we call them altcoins) are also affected, and their prices have also fallen. There are some exceptions, such as the altcoin $LUNC, which is like a dark horse and its price has risen by 12%!
🤔 What will happen next?
It depends on whether Bitcoin can pick itself up again. If it can stay above 58K and start to rise, then the entire cryptocurrency market will also get better. But if it continues to fall and falls below 58K, the situation may not be good, and the entire market may fall again.
New friends, don't worry too much, the cryptocurrency circle is like this, there are ups and downs, stay calm, keep learning, I believe you will definitely be able to gain a foothold in the cryptocurrency circle! Come on! 💪
#热门话题 #Mt.Gox将启动偿还计划 #美联储何时降息？
Again, at this stage, we are planning some good currencies
If you are interested and want to witness the strength
You can leave a comment of 888, and you can join the team for free!
I will not let my fans miss out in this bull market! This is the truth
