disaster! Bitcoin has fallen 20% in 24 hours, $ 14.2 billion has exploded, and the largest market is still buying at high levels ...

On the afternoon of December 4, market data showed that the Bitcoin index has already hit a low of $ 42,587.8 per coin and has fallen 20% in 24 hours. Bitcoin against the US dollar fell 28.46% in 24 hours, hitting a low of $ 40,681.80 per coin.

Currently, the Bitcoin indicator is reported at $ 47,095 per coin.

Ethereum fell below $ 3,500, down 21% in 24 hours. In the one-hour market contract, the entire network reached a total of $ 1.13 billion and $ 2.23 billion (about 14.2 billion yuan) in 24-hour liquidation.

Since entering in December, the cryptocurrency market has continued to decline.

As of December 1, Bitcoin's highest price was $ 59,000, near the high of $ 60,000. But since then the waterfall forecast has been open.

On December 3, after falling more than 12% in one day, Bitcoin fell more than $ 5,000, hitting a low of $ 51,600 before starting to drop below the $ 50,000 level.

On December 4, Bitcoin did not stop, at one point falling below the $ 50,000 level and shortly after entering the $ 42,000 level, the previous day's drop to the 10,000 mark. $, the lowest price on September 30.

Earlier in November, the value of Bitcoin crossed the record breaking $ 69,000 mark, and the total value of the cryptocurrency market reached $ 3 trillion. However, after missing the $ 70,000 mark, Bitcoin's price difference has clearly weakened.

Ethereum, the world's second largest cryptocurrency, lost nearly 20% of its all-time high of $ 4,898 after Bitcoin, but the magnitude of the decline was smaller than that of Bitcoin.

The Huobi cryptocurrency trading platform, which recently announced its withdrawal from mainland China, has started issuing internal notices to Chinese users to withdraw their assets, and deposits for users in China will be closed on December 14. On December 15, the market potential for large Chinese consumers will be limited and by December 31, the retail market will be taken off the shelves.

It should be noted that the price of bitcoin has peaked and the 'big whale' bitcoin, the world's largest commercial brand with a large number of bitcoins, is buying in large quantities.

The company bought 7,002 bitcoins for $ 414 million in October and November, with an average value of $ 59,187, according to data submitted to the U.S. Securities and Exchange Commission (SEC) on Monday by MicroStrategy a bitcoin. After completing the "purchase", the total number of Bitcoins held by MicroStrategy exceeded 120,000.

According to statistics from the owners of Ouke Cloud Chain, as of December 3, 2021, MicroStrategy totaled 121,000 Bitcoins, for a total value of $ 6.841 billion.

Bitcoin company position (partial), data source: Ouke Cloud Chain Master

Of all the companies holding Bitcoin positions, MicroStrategy ranks third in terms of number and value of trades and outperforms Tesla, Galaxy Digital Holdings and Voyager Digital in the only list of listed companies. Many well-known companies such as LTD, Square, Inc and Coinbase Global, Inc. topped the list and topped all holdings of all subsequent names.

Bitcoin Hype is big. In 2017, the banks of China has decided to define virtual risks and risk of income from the income of money " Invalid funding and release.

From 2021, the People's Bank of China to ask some banks and payment institutions about the virtual currency exchange hype, allow banks and payment companies to post a "Bitcoin Risk Protection Notice" and a "Bitcoin Risk Protection Notice" called for strict reporting. another one. The regulations state that the role of customer identification must be fulfilled and that products or services such as account opening, registration, marketing, deregistration and remuneration must not be attributed to related companies.

"This once again warns people that virtual currencies like Bitcoin are not fiat currencies and have no real value." August 27, 2021 “Financial Awareness Month,” the wealthy investor with financial knowledge enters thousands of homes. At a press conference on "Internet users in financial well-being" (hereinafter referred to as "Media Briefing"), Yin Youping, vice president of the Bureau of Financial Institutions of Human Financial Institutions of China, said that virtualization affects the economy. is the capital of speculation. , protecting your "pocket".