Ali pumping effect caused by the bitcoin prices continued to fall
Market data show that in early August this year, bitcoin dollar bid to $600, has now dropped to $400. The sale data of domestic trading platform fire currency net appeared in early August this year, the top bid is still 3600 yuan coins, now has dropped to below 2500 yuan, or more than 30%.
Bitcoin operation and investigation organization said the recent bitcoin market did not face serious policy risk, Alibaba listed on the United States to become the main reason bitcoin was sold in China, bitcoin holders planning sell bitcoins, look at the first offering of stock to expose the Alibaba. In the Alibaba listed on the same day, bitcoin dollar bid up 11% one-day drop, fell below the level of $380.
Overseas Bitcoin magazine writer Volodymyr shows that, through the analysis of the data found that the recent bitcoin big selling are from china. The sale volume in China last month is 52% higher than that of the United states. In the past week, the average daily trading plan in China bitcoin mall from the previous 19000 to 29400. Once investors completed capital contributions to the Alibaba, some funds may flow from the bitcoin market, but if the Alibaba’s stock price trend is weak, bitcoin prices will remain under pressure. However, there are shopping malls who think, China bitcoin investor selling operations should not be considered in order to purchase the Alibaba’s stock market. In addition, bitcoin cash and go to the hands of their investment also needs time.