Bitcoin falls below three levels of US $31000 to US $29000 in two hours

Share with friends and circle of friends by wechat scanning QR code Abstract: bitcoin's low price in 24 hours was $28814, which was lower than the closing price of $28997 on the last day of last year, and dropped 54% from the historical high of nearly $65000 in April. According to the analysis, bitcoin's drop to US $30000 will cause a huge blow to the whole cryptocurrency market and may lead to a large number of panic selling on the evening of Tuesday, June 22, Beijing time, bitcoin successively fell below the three integer levels of US $31000 to US $29000, erasing all the gains this year bitcoin fell 12% and fell to US $29000, erasing all the gains in the year, while ether coin still rose 130% more than an hour before the US stock market, bitcoin first fell below US $31000 / piece since May 19, then fell below US $30000 psychological integer mark for the first time since January 28, and then fell below US $29000 half an hour after the US stock market opened, Within 24 hours, it fell by more than 12% according to coindesk data, bitcoin's 24-hour low was $28814, which was lower than the closing price of $28997 on the last day of last year, and it dropped 54% from the historical high of nearly $65000 set in April one hour after the US stock market opened, bitcoin returned to above US $29000, and the market closely watched whether it could regain the important technology position of US $30000 according to the analysis quoted by Bloomberg, if bitcoin fails to rebound above US $30000, it will cause a huge blow to the whole cryptocurrency market, which may lead to a large number of panic selling of investors tracking kinetic energy, and the next support level that needs attention may be as low as US $20000. Before Tuesday, bitcoin had fallen below $30000 at least five times this year, but each time it was back above that level according to the technical analysis of bitcoin trend chart, the current K-line of bitcoin has shown a "dead cross" pattern, that is, the average price of bitcoin in the past 50 days has fallen below its 200 day average, which is an ominous kinetic energy signal indicator, indicating that bitcoin may further decline in the absence of big good news but Miller Tabak & amp; Matt Maley, Co's chief market strategist, said that given that the 200 day moving average is still rising, there is reason to believe that the death cross may not be terrible. Bitcoin's "death cross" in March last year did not hinder its rise, but formed a "gold cross" two months later Jim Cramer, CNBC host and US stock market commentator, also said that he has sold almost all bitcoin, but if bitcoin really collapses (reaching a very low position), he is willing to buy it again in addition to bitcoin, other mainstream digital currencies declined more. Ethereum, the second largest by market value, fell below three levels of US $2000 to US $1800 in succession today, the first time in nearly a month that it lost US $1800, down nearly 8% within the day. However, Ethereum is still up nearly 130% this year dash fell 22%, reborn fell 21%, Wright fell 18% and doggy fell more than 16%. According to the statistics of coinmarketcap.com, prude fell 68%, manyswap fell 60% and a few more than 80% among the more volatile defi tokens according to the statistics of financial blog zerohedge, the "bitcoin basket of stocks" that hold and trade bitcoin have been negatively affected today. MicroStrategy led the decline in these stocks with a decline of more than 10%, while Tesla fell 0.4%. Us blockchain concept stocks also fell again, SOS & nbsp; LIMITED ADR fell more than 7%, the ninth city fell more than 16%, Marathon & nbsp; Digital fell more than 11%, and Jianan technology fell nearly 7% analysts point out that if Ethereum maintains below $1800 for 1-2 hours, there will be $500m eth liquidation according to the data of bitcoin home, in the past 24 hours, 201996 people burst their positions, with a total of about 5.068 billion yuan, of which 10000 bitcoins and 80000 Ethereum suffered losses strict supervision + gray scale fund lifting the ban on bad bitcoin bitcoin's bad news has continued to fall in recent days. In addition to Musk's sudden change of position, the tightening regulatory signals have also brought downward pressure on the market: on May 11, people's Daily: guard against the business practices of okex, the virtual currency exchange On May 12, Tesla CEO Elon Musk announced that he would suspend using bitcoin to buy cars On May 15, Xinhua news agency said that virtual currency was in chaos, and "leek harvester" needed to be rectified On May 17, Tesla CEO musk suspected that Tesla might sell its bitcoin position On May 18, the three associations issued an announcement to remind us to guard against the risks of virtual currency transactions On May 18, Inner Mongolia development and Reform Commission set up a reporting platform for virtual currency "mining" enterprises On May 19, the Inner Mongolia development and Reform Commission said that the supervision of "mining" will continue to be high pressure On May 21, the Finance Committee of the State Council called for cracking down on bitcoin mining and trading on May 25, Inner Mongolia development and Reform Commission issued "eight measures on resolutely cracking down on and punishing the" mining "behavior of virtual currency (Draft for comments)" on June 9, the Department of industry and information technology of Qinghai Province issued the notice on comprehensively shutting down the "mining" project of virtual currency on June 12, the office of Yunnan Energy Bureau confirmed that the power consumption of bitcoin mining enterprises will be cleaned up and rectified by the end of June this year On June 18, the development and Reform Commission of Sichuan Province and the Energy Bureau of Sichuan Province issued the notice on clearing up and shutting down the virtual currency "mining" project In addition, the day of unlocking huge BTC is approaching. In the next few weeks, a large amount of investors' funds will be released after a six-month lock-in period. With the ban on GBTC (bitcoin investment trust), the selling pressure may increase rapidly

2023-03-22 10:04:37

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