Bitcoin prices fell below $3700 a month since the 9 2017 year low refresh

(original title: bitcoin prices fell below $3700 a month since 9 2017 refresh year low)

Fiscal union November 25th hearing, Bitstamp platform, bitcoin prices fell below $3700, at $3693 / piece, continue to refresh the lowest since September 24, 2017.

Since 2018, bitcoin prices began to fall, especially in the recently staged “diving”, on November 20th, bitcoin fell more than 16%, fell below $4100, the lowest level since October last year. Bitcoin crash, also led to other encryption currency fell sharply. CoinMarketCap data show that the current market value of encryption currency has dropped by about 150 billion dollars, at the beginning of this year and $850 billion when compared to the scale of serious shrink. Market volatility, caused people to “encrypted currency can be reliable hedge”.

Insiders believe that the bitcoin crash is the result of many factors together. First of all, the large block chain project there is a serious bubble, in block chain infrastructure are not perfect, the market is expected to continue to push practitioners highly unrealistic, eventually encounter real combat, resulting in the continual loss of market confidence; secondly, bitcoin market is due to the capital market, and the volume is relatively small, the global digital currency value but a listed Internet giant volume, with large cash users zapan, also easy to cause sharp fluctuations in currency price; thirdly, the industry is the recent battle force, also shaken the confidence of the people in the objective, makes some people panic and vote with their feet, due to market volatility.

Source: fiscal union

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