Bitcoin dropping to $3500 global digital currency market sharp sell

11 June 25, bitcoin dropping to $3500, the global digital currency market collective reproduction sharp sell 8500 billion market size than the market value of the vertex has shrunk more than 85%. Insiders said, with tighter regulation, pay for universal difficulty and other factors, digital currency downward trend is likely to continue, IT manufacturers will suffer.

Digital currency market shrinking The industry believes that the bitcoin crash is the result of many factors together, and regulatory upgrades and money will continue to put pressure on the currency bifurcation. The large block chain project there is a serious bubble, in block chain infrastructure is not perfect, the market is expected to continue to push practitioners highly unrealistic, eventually encounter real combat, resulting in the continued loss of market confidence.

In addition, due to the bitcoin market is a capital market, volume is relatively small, with large cash users zapan, also easy to cause sharp fluctuations in currency price. So the property industry for its popularization and worried about the prospect of payment. The global regulators are also the layout of digital currency management system. The currency also hit the currency value bifurcation and investor confidence. The number of IT equipment manufacturers will be attributed to the decline in the performance of digital currency market downturn impact.

This month’s disappointing performance, the company will be attributed to the poor performance of crypto currency mining activities gradually reduced in chip inventories, “encryption sequelae”. One of Asia’s largest technology company TSMC is expected in the third quarter, in the fourth quarter, “continued weakness” encryption currency mining demand will offset part of their growth.

By the digital market weak, some companies affected the pace of expansion. This month a digital currency exchange Coinbase clarified that the recent should not IPO. The original CNN has exposed the company intends to IPO.

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