Terror! One day bitcoin fell below $3500, the official voice at the bubble

There is no minimum, only lower.

At the recent bitcoin began 11 month 14 days, the day of bitcoin Against the The dollar fell $648.75, or up to 10.36%. In November 20th, bitcoin fell again, fell more than 16%, fell below $4100, the lowest level since October last year.

However, these are not the biggest decline, more panic at the weekend.

11 Beijing time June 25 at around 5, bitcoin began a frenzied dive. One day time successive broken 4200 and 4100, 4000, 3900, 3800, 3700, 3600, 3500 mark. As of 25 PM Beijing time 18 24, bitcoin fell below $3500, down 18.65% 24 hours, 8 2017 is a new low since the month.

As of press time this morning, bitcoin latest price of $3966.37, recovering.

25, open the news search, bitcoin, cool pumianerlai.

As of 25 at 18:30, in the past 7 days, bitcoin prices fell to $more than 1700, a decrease of 30% compared to last year’s December high period of nearly $20 thousand, less than a year bitcoin fell more than 80%.

Not just the bitcoin virtual currency also tumbled down, other.

According to Coinmarketcap data, the weekend top 10 global currency code, bitcoin cash (BCH), star (XLM), Monteiro (XMR) and Cardano (ADA) fell more than 10%. But over the past week, the global digital currency market ranked in the top 100, there are 73 kinds of currency fell more than 30%.

Nearly a month, the global currency began to slightly reduce the encryption, digital currency value in the last two weeks there was a substantial decline. As of November 18, 2018 2081 global digital encryption currency, nearly a month of continuous trading market is slightly reduced, continued to increase, close to 16 thousand.

The global currency last year encryption total market capitalization trend (US $billion)

(pictures from Beijing)

Bitcoin flash crash led the U.S. Justice Department concerned, investigating whether caused by manipulation.

The manipulation of bitcoin prices?

Sina quoted foreign media reports, informed sources said, with bitcoin November 20th continued to fall, the U.S. Justice Department is investigating this encryption currency last year rose is from surge high and sweep forward manipulation, they suspected that traders use Tether this popular but controversial digital tokens is pushing up the price of bitcoin.

Three sources said that although the United States federal investigators several months ago to launch a criminal investigation of encryption currency, but has only recently started to pay attention to a bitcoin, Tether and Bitfinex encryption currency exchange related perplexing network, this network can be through illegal means to push up the price of bitcoin.

Bitfinex Tether and Ltd have the same management team, which is a Hongkong company, they created a crypto currency with the same name. This new tokens in the market mainly through the issuance of Bitfinex.

Some traders and scholars have said that the key moment in the bitcoin prices are down, Tether have been used to buy bitcoin. Tether Ltd CEO JL Velde (JL van der Velde) and Bitfinex have denied the charges before.

Bitfinex general counsel and outside counsel and Tether Ltd were not available for comment.

In addition to the Ministry of justice and other agencies in the investigation of the two companies. According to Bloomberg News reported in January this year, Tether Ltd and Bitfinex last year received the U.S. Commodity Futures Trading Commission (CFTC). Informed sources said that the Ministry of justice and the CFTC is investigating the coordination of their respective activities.

The United States is currently unable to determine whether government officials only occur in a survey on Bitfinex, or Bitfinex executives suspected of engaging in illegal acts. But the Justice Department and the CFTC are not accusing anyone of any illegal behavior, the U.S. government may also identify without any illegal behavior.

The Justice Department and the CFTC spokesman declined to comment.

Many factors caused by virtual currency crash

Xinhua News Agency reported that the encrypted digital currency bitcoin recently fell, experts said, this is caused by a variety of factors, many of the so-called “blockchain” project has a serious bubble, the need to guard against the risk of investment.

The industry believes that the bitcoin crash is the result of many factors together. First of all, the large block chain project there is a serious bubble; second, bitcoin market is due to the capital market, with large cash users zapan, also easy to cause sharp fluctuations in currency prices; third, is the industry the recent war, but also shaken the part of people’s confidence in the objective, causing some users panic and vote with their feet, due to market volatility.

Recently, bitcoin fell means that many projects lack of real assets in support, “the jungle”, the market was proven to be inefficient. The market clearing, “industrial chain block” era is coming, the future of digital assets and industry depth bound, market regulation will be more perfect.

Coin Ring metamorphosis

Bitcoin plummeted after the coin circle and the outer circle have expressed their views. It was said bitcoin was tulip, prices will return to zero, don’t buy.

There are still illusions of the virtual currency

Micro-blog There are coins Circles said: “many outsiders think currency speculation only fried bitcoin, bitcoin is only can play digital currency. In fact, many people have a misunderstanding, bitcoin fell is not simply a bad thing, now almost every major social media bitcoin on hot search list, bitcoin circle concern for one day more than a day, the future people will only participate in currency speculation rather than shrinking, the outflow of funds from bitcoin naturally, will flow to other digital currency. At this time the horse easily doubled overnight, sometimes is not only luck is sinister vision and precise judgment.”

More people died in silence

25, micro-blog called blockchain Mirs said: “I’m afraid to bitcoin hot search, I saw more than one plus 10 times 20 times the lever long, at a friend’s micro-blog today, unfortunately, they leverage bitcoin almost all been killed……”

Source: Wind financial APP mobile terminal

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