jewelry making supplies wholesale atlanta Bitcoin drops 4,000 US dollars a day, is Bitcoin be cold?

synthetic ruby jewelry wholesale On April 18, Bitcoin fell from $ 62,000 to nearly $ 50,800, and fell 14%within 24 hours. Bitcoin, as the leader of the encrypted digital currency market, its decline will only form a significant decline for other mainstream currencies and cottage digital currencies.
It, according to the subsequent entire network statistical futures, it is close to 40 billion yuan, and it is only the amount of futures in the futures contract market of Bitcoin reached 7 billion yuan. Many investors even suspect that the Bitcoin bull market has ended and turned into a bear market.
So what exactly caused Bitcoin to form such a significant decline in the short term?
The point is that China has taken measures.
1, 75%of Bitcoin are made in China.
2. Now it is developing a vigorous anti -money laundering campaign. If you want to exchange the Bitcoin made by the country with money, you must pass the bank card. But now if the bank card has a large amount of unknown foreign funds, the inflow of overseas funds is directly locked. If this money is not clear, you can talk about the retirement of the cardholder. Due to such things and pond fish, the cards of foreign trade are often locked because of such things.
3, that is, the long -headed leverage in the futures market has reached a certain degree. In the previous Bitcoin's horizontal cycle, the market's more empty mood was normal, but after breaking the previous high 6,1800 US dollars, the market began to suddenly become excited. Especially with the opening up of the mainstream digital currency before, whether it is technical or emotional markets, they have marched crazy in the direction.
So after the market is so high at this time, it will naturally accompany the leveraged coefficient increase. At this time, we can see that even if it is a three -fold contract or a five -fold leverage, the leverage coefficient is compared with the leverage coefficients. Low can also burst out of the decline as high as $ 10,000.
So the decline in this round of Bitcoin is completely caused by the market's many emotions and the multi -head leverage coefficient. As for whether the bull market cycle of the subsequent Bitcoin still exists, from the technical point of view, the rising trend of the weekly level has not changed. In the previous Bitcoin upward trend, it has fallen by 30%of the decline. It also depends on the specific Bitcoin market to determine whether it has bottomed out.

wholesale fashion jewelry in okc Yes, the current Bitcoin market is not good, and the price has fallen too fast.

wholesale fairy themed jewelry Yes, after seeing such data, it will gradually exit the market, and now it is not very popular, it feels like it is about to lose value.