Bitcoin has been falling for more than 10 days, compared to around $6,400 on November 14, now $4,000 has nearly halved, the horror of the bitcoin plunge began on The 14th of this month, the 14th of BTC/USDT trading price dropped $648.75, a drop of more than 10%. In the following days, Currency prices are a continuous downward trend, on the 20th of this month, o sole loyalty of COINS again blow, arrive fell below 16% for the day, once fell below $4100, compared with two collapsed, a greater diving in the last weekend, it was yesterday, the currency price great diving, the day time, continuous breakthrough in several big barrier, The 18.65% drop took bitcoin to its lowest price since August.
In the past week, more than 70 of the top 100 cryptocurrencies have fallen by more than 30%, and the whole coin circle is gloomy. The great plunge of cryptocurrency, cryptocurrency market value is also significantly reduced, the currency circle news forum post bar is also full of cool breath. For this round of bitcoin plunge, many industry experts said that this is caused by a variety of factors, the first is that despite the experience of last year's big wash, but many blockchain projects still exist a large bubble, financing flood; Secondly, the cryptocurrency market will change with the trend of capital flow to varying degrees, resulting in large fluctuations in the currency price. Third, the recent computing power war has caused a certain degree of market panic to investors in the currency circle. Objectively, people's confidence has been shaken strongly with this computing power war. Of course, with the rapid development of block chain technology, the product of the block chain 1.0 era has led the block chain technology, and people have some other views on its value recognition.Copy the code