Cryptocurrencies "dived" again, and Bitcoin once fell below the 19,000 US dollars!Over 130,000 investors in one day, the total amount reaches 3 billion yuan

On September 19, the Bitcoin plate fell below 20,000 US dollars and 19,000 US dollars in a row. The minimum price touched US $ 18389.21/piece, a decrease of 7.87%, the lowest point in the past three months. The record high is 69273.13 US dollars per/, and Bitcoin has fallen as high as 73.45%. According to British data data, as of press time, Bitcoin prices have rebounded, rising slightly by 0.95%to $ 1960.10.

Bitcoin trend picture Source: British Caiqing

In addition to Bitcoin, Ethereum also fell below $ 1,300, a maximum decline of more than 10%, and the lowest report was $ 1291.05/m. According to Britain's financial data, as of press time, Ethereum rose 3.62%to $ 1383.35.

Ethereum officially completed the long -prepared main network and The Merge (The Merge) on September 15. This merger changed the consensus mechanism of Ethereum ecology, so that it made it from the workload of work (POW) from the mining era (POW). The mechanism enters the mechanism of rights and interests (POS) in the pledge era. Under the POS mechanism, users no longer need to purchase hardware such as graphics cards and mining machines, and only need to participate in blockchain verification by pledged token.

However, since the merger, Ethereum has continued to fall by nearly a quarter. Recently, the decline has caused Ethereum to abuse all the gains before the merger, and most of the cryptocurrencies are backward.

The turbulence of cryptocurrencies has caused many investors to lose heavy losses. According to CoinMarketcap data, more than 130,000 investors have been liquidated in the past 24 hours, and the total amount of liquidation is US $ 438 million (about RMB 3.069 billion). Among them, Ethereum burst warehouses, and the total amount of liquidation reached 121 million US dollars; followed by Bitcoin, the total amount of burst positions exceeded 114 million US dollars.

Market analysis believes that the decline in cryptocurrency prices is related to the Fed's interest rate hike trajectory. CICI Lu, CEO of Venn Link Partners, said: "Funding is out of risk assets. After the Federal Reserve Chairman's statement, virtual currency follows the sharp adjustment of US stocks."

In addition, the latest attitude of relevant regulators has also aroused new concerns in the market.

On September 15th, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), participated in the Senate Bank, Housitee On Banking (Housing, And Urban Affairs) "U.S. Securities and Exchange Commission" "hearing" digital currency at the hearing to digital currency The market made the latest speech. He said that the digital currency and intermediaries that allow users to "pledge" their tokens may be supervised as securities. Ethereum is now a tokens based on equity proof, and the regulatory agency may soon classify it as securities, rather than commodities such as Bitcoin.

Matthew Dibb, the chief operating officer of Singapore's encrypted platform Stack Funds, said in an interview with the media that this blasting news will indeed trigger the market for sale. In the next few months, Ethereum may even fall to $ 950/piece.

Daily Economic News

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