# Virtual currency market is in turmoil again 🌊

Recently, Bitcoin has experienced a wave of major fluctuations, falling from a high of $70,000 at the end of July to around $58,000 on August 16, and even falling below $50,000 on August 5, hitting a new low in nearly a year. The intraday decline reached 15%, and more than 270,000 people were liquidated, with a total amount of more than $1 billion. my country has always maintained a strict regulatory stance on virtual currencies, reminding everyone to be cautious about virtual currency investments and stay away from illegal financial activities.

What do you think of this market fluctuation? Welcome to share your views in the comment section!