#BTC☀️ #MtGox钱包动态
Bitcoin suddenly plunged, what happened?
Today, Bitcoin has experienced a "roller coaster" market. In the morning, it was like a rising star, breaking through the 70,000 US dollar mark, and the entire currency circle was excited. But just when everyone thought that the market would continue to advance, near noon, Bitcoin seemed to have encountered a "reef", and the price quickly fell back, and is currently stable at 68,000 US dollars. What happened to make Bitcoin so "emotional"?
First, let's talk about the "Mt.Gox Mentougou incident". This name may sound a little unfamiliar, but it is a well-known "big event" in the currency circle. Simply put, there is a Bitcoin exchange called Mt.Gox, which once caused a large number of Bitcoins to be stolen due to security vulnerabilities. Now, it is said that more than 8,000 Bitcoins, worth up to 500 million US dollars, have been withdrawn from the wallet of this exchange to an unknown wallet. As soon as this news came out, it was like a heavy bomb, causing panic in the market, and Bitcoin was also hit hard.
But don't worry, let's take a look at another factor that may affect the price of Bitcoin - the PCE data in the United States. PCE, or the personal consumption expenditure price index, is one of the important indicators that the Federal Reserve refers to when formulating monetary policy. This Friday, the United States will release PCE data for April. If the data is higher than expected, it means that inflationary pressure may increase, and the Federal Reserve's interest rate cut plan may continue to be postponed, or even raise interest rates. Such a prospect made some funds feel uneasy in advance, and they chose to withdraw from the Bitcoin market, leading to today's decline.
However, as a novice in the currency circle, I want to tell you that there is no need to worry too much. Although the price of Bitcoin sometimes fluctuates greatly, it does not mean that it has no investment value. On the contrary, it is such fluctuations that give investors more opportunities. Just like the decline we saw today, maybe it is a good time for you to buy?
Before deciding to invest in Bitcoin, you must fully understand its risks and characteristics and be fully prepared. Only in this way can you swim unimpeded in the ocean of the currency circle and reap a lot.
Ares has also been ambushing a currency that is about to explode recently, with a short-term return of 30% and a long-term return of about 5-8 times. As I said before, if you take the initiative to find me, I will take you ashore, and you just lie down.
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Ares will not let my fans miss out in this bull market! This is the truth