Not only US stocks miserable bitcoin collapse | 7 weeks massacre 70%

US stocks even two days collapse ran more than 1800 points, the global stock market crash broke out, while the sell-off in Europe and Asia stocks also burn to the virtual currency market. Bitcoin prices from the Sunday 9,000 US dollars all the way to kill 4 large integer levels, this (6 ) Fell more than 12% once intraday, breaking 6,000 mark, the minimum came to 5,947.40 US dollars, December 18 last year hit a high price of 19,800 US dollars compared to seven weeks, the decline has as high as 70%.

MarketWatch reported that loyds Banking Group, Chase, Bank of America and Citi have all announced that many European and U.S. banks have banned customers from purchasing virtual currency on credit cards.

In addition, the media also reported that China intends to supervise the supervision of the virtual currency mechanism. It will impose a series of ban on the first round of currency issuance (ICO) and foreign currency transactions in China and abroad. If one finds one, it will shut down one to prevent financial risks.

Bitcoin hiked 1,300% last year, with half a dozen or so increase in alleged fraud. CNBC pointed out that outsiders are questioning speculators who use Tethe to speculate on high bitcoin prices. The Taylor currency is also a virtual currency. Because of its tight focus on the U.S. dollar, the price is not volatile, When the Taylor currency hit the U.S. dollar at around 1: 1, the timing of the surge in the issuance of the Taylor currency coincided with a record high of virtual currency prices. Some people therefore suspect that Taylor coins are used to speculating the currency.

Bitcoin once again returned to 9,000 US dollars last Saturday after a short attack, the Bitcoin trading platform coindesk show today broke the intraday high of 6,000 US dollars checkpoints, the lowest came to 5,947.40 US dollars, as of 6 at 14:14 Ended at 6,384.86 U.S. dollars, plummeting 7.66%.

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