Disclaimer: This article is intended to convey more market information and does not constitute any investment advice. The article only represents the author's views and does not represent the official position of Mars Finance.
Editor: Remember to follow
to invest in blockchain, click:
HOLD market shows that according to Huobi Global Station data, in the early morning of June 27, Bitcoin fell rapidly after failing to sprint for 14,000 USDT, and once fell to 11,800 USDT. It has rebounded slightly and fluctuated around 12,500 USDT. Starting at around 00:15:00 in the morning, Bitcoin began to show an upward trend, reaching a high of 13750 USDT at around 00:55:00, and then fell rapidly by 3.4% in 15 minutes, and fell at a short-term low of 13260 USDT. Starting at around 01:15:00 in the morning, Bitcoin continued to rise since the 13346.16 USDT point, officially launching an impact towards the 14,000 USDT mark. After breaking through multiple 100-bit integer marks in succession, Bitcoin broke through 13,900 USDT at around 02:45:00, and tried to break through 14,000 USDT several times in the following 100 minutes, but none of them succeeded. At around 00:04:00 in the morning, Bitcoin once reached 13968.76 USDT, setting a new high since January 16, 2018.
Starting at around 04:30:00 in the morning, the price of Bitcoin suddenly plummeted sharply, falling sharply from 13805 USDT to 12177 USDT within 15 minutes, with a decline of more than 1600 USDT (-11.59%). In the following tens of minutes, Bitcoin continued to fluctuate significantly, and several 5-minute K-line charts showed a fluctuation amplitude of more than USDT. At around 05:15:00 in the morning, Bitcoin fell below 12,000 USDT, and fell to 11,800 USDT at the lowest, with an intraday fluctuation exceeding 2,100 USDT.
Then, Bitcoin gradually rebounded and is currently fluctuating around 12500 USDT. As of 06:45:00, it was 12466.55 USDT, a day-to-day drop of 3.28%.
cryptocurrency analyst Alex Krüger commented on this Bitcoin price flash crash saying: For Bitcoin, price crash is a feature, and this is not a bug. Either avoid buying because of fear of missing outings, learn how to take advantage of collapsed trading, or be a long-term holder (this is an ideal form of risk management).
is affected by Bitcoin fluctuations, and other mainstream currencies also experienced a synchronous large callback from around 04:30:00 in the morning. As of 06:45:00, ETH was 329.95 USDT, a day-to-day decline of 4.92%; XRP was 0.4613 USDT, a day-to-day decline of 5.99%; BCH was 477.23 USDT, a day-to-day decline of 6.71%; LTC was 130.98 USDT, a day-to-day decline of 4.63%; EOS was 6.5846 USDT, a day-to-day decline of 11.12%.
Statement: This article is a work of the author who has settled in the "Mars" and does not represent the official position of Mars Finance. Please indicate the source, author and link to this article when reprinting
Tips: Crypto assets are high-risk investment targets, please choose with caution.
