Bitcoin plummets! A sea of red! This week's volatility warning
The most difficult bull market! When will the "rising tide" come?
In recent trading days, the cryptocurrency market has been in turmoil. Today, Bitcoin experienced a sharp drop, falling below the $61,000 mark. In addition, Ethereum also fell below $3,300 at one point. The cryptocurrency market as a whole has fallen into a "drought" state and is "silent".
This decline has plunged the entire cryptocurrency market into a sea of red, attracting widespread attention from the market. Analysts believe that the main reason for the sudden and sharp drop in Bitcoin prices is the lack of strong buying support. The market is facing weakness, trading volume is sluggish, and the market is in a relatively "boring" state.
Latest market news: Mentougou Mt.Gox trustee said it will start to repay BTC and BCH, and nearly 1% of the number of Bitcoins will cause strong selling pressure, and the market is in a panic. At the same time, referring to previous news, national-level selling pressure smashed the market! The German government sold 50,000 Bitcoins! The giant whale arbitrages $1.2 billion in two weeks! The continuous negative news and selling pressure caused Bitcoin to fall continuously, with a one-day drop of more than 5%, and the overall crypto market was sluggish.
Data shows that in the past 24 hours, more than $150 million of liquidations occurred in the cryptocurrency market. This reflects from the side that this round of decline has indeed caused widespread panic in the cryptocurrency market. However, after Bitcoin fell below $61,000, it also triggered the intervention of some long forces. Moreover, the cryptocurrency market has always had a strong ability to resist declines, and it can often rebound quickly after a sharp drop.
If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to follow me, professional investment research for twelve years, free guidance homepage introduction
