Bitcoin fell below the $ 5,500 integer. What caused Bitcoin to fall?

4 thoughts on “Bitcoin fell below the $ 5,500 integer. What caused Bitcoin to fall?”

  1. Bitcoin fell below the $ 5,500 integer. What caused Bitcoin to fall? The decline in Bitcoin is a result of a comprehensive factor. The following is a few aspects to explain that friends can refer to the following content:
    . Bitcoin has long -term foaming, which has exceeded the actual value. n since the beginning of Bitcoin, it is valued by many people. I think this is a future network virtualization currency that can bring more wealth to people. Under such ideas, many people actively join the value mining of Bitcoin in various parts of the world. Especially in the past seven or eight years, Bitcoin's rise has been unstoppable, and prices have continuously set new highs. In order to rise in the price of Bitcoin, many investors have taken a walk for the false information of some Bitcoin to seduce more people to invest in Bitcoin. Some people even think that Bitcoin is the product of online technology. As the price of Bitcoin has skyrocketed, foaming has already appeared, so Bitcoin has only begun to fall now, falling below 5,500 US dollars is just the beginning. High value, the foaming is too serious, and the short -term selling of panic has just begun.
    . Bitcoin does not have any transaction value. People gradually doubt the value of Bitcoin:
    Bitcoin is not currency, because currency is liquid, but Bitcoin does not have any possibility of circulation at all. Therefore Bitcoin is more symbolic. Therefore, the value of Bitcoin has now begun to be suspected by many people. Everyone feels that Bitcoin is likely to be worthless, but it is just speculated by people. Therefore, the plunge of Bitcoin is a normal phenomenon.
    . The new coronary virus epidemic spreads. Many people need cash instead of Bitcoin:
    After the start of the new coronary virus epidemic, the financial market is almost on the edge of collapse, and the real economy has also been hit by great. Therefore, everyone needs cash flow, so selling Bitcoin is also a factor for Bitcoin.

  2. Of course, it is caused by the current spread of new crown pneumonia around the world. People no longer trust Bitcoin and feel that only cash can be stable, so they no longer pay attention to Bitcoin.

  3. Because the world's economy is falling, the entire market has collapsed. This market has also changed with the external economic market. So at first glance, it is still the global economic state, and of course it will fall.

  4. The most important reason is the impact of the epidemic. In contrast, Bitcoin is a virtual currency. Even if many people buy it in their hands, there is no actual value. Decline

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