What’s the way to do it

Xinhua news agency, New York, January 11 (reporter Liu Yanan) – the price of bitcoin, a cryptocurrency, fell sharply on the 11th due to the rise in demand for safe haven in the financial market and investors’ profit taking. On the 8th of the previous trading day, the price of bitcoin futures delivered on the Chicago Mercantile Exchange in January 2021 reached an all-time high of $42730 and closed at $39520. However, on the 11th, the price of the main contract fell to US $31105 and closed at US $33780, down 14.52%. According to the Chicago Mercantile Exchange, the price of bitcoin futures delivered in January 2021 broke through $20000 at the end of November 2020, and then soared all the way, and soon exceeded $40000 on January 7 this year. Jeffrey gunlak, chief executive of dual capital, believes that bitcoin is now inflated and in a bubble zone. Some market analysis institutions and people believe that under the background of large-scale stimulus measures launched by many countries, bitcoin can be used on more platforms and a number of mainstream investment institutions have successively allocated bitcoin, which is the main reason for the recent sharp rise in bitcoin prices. Editor: Wu Jinfu

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