Bitcoin prices fell below $4000 mark, the total market value has shrunk to $67 billion

On November 25th news, according to foreign media reports, bitcoin prices still fell not, has fallen below $4000 mark.

The money market value ranking encryption

As shown in the figure, the encryption currency industry website Coinmarketcap, bitcoin prices fell nearly 12% in the past 24 hours, the current price of about $3860, the total market value of about $67 billion.

Bitcoin prices also led the entire crypto currency market fell, XRP fell by about 12%, Ethereum fell by about 10%, Bitcoin Cash fell by about 11%, EOS fell by about 11%.

At present, the encryption of money market is worth about $125 billion, about $700 billion higher evaporation.

Bitcoin and the encryption money market this year’s dismal market in stark contrast with last year. Bitcoin prices rise rapidly last year, had topped $1.9 million. At the end of 2016, bitcoin prices still hovering in the $950.

Bitcoin previously hot market also caused the financial sector hot. Former Federal Reserve Chairman Alan Greenspan believes that bitcoin may eventually be not worth a hair. Australia’s central bank president Holloway said earlier that the bitcoin virtual currency with feeling like a “speculative frenzy” (speculative mania).

However, there are also recognized bitcoin value view. For example, Morgan Stanley (commonly known as the financial sector “Morgan Stanley”) CEO James Gorman (James Gorman) believes that bitcoin “certainly not just a trend,” the concept of anonymous currency is a very interesting concept – it is interesting for people to provide privacy protection, it is interesting to central bank system the.

Bitcoin is a payment system as encryption currency. By Nakamoto in 2009 based on the P2P network without borders, with the initiative of the open source software creating consensus.

The smallest unit of bitcoin is “cong”, which is based on rumors bitcoin developer named nakamoto. A wise man is equivalent to a bitcoin 1/100000000.

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