Bitcoin plummeted again
Since the price flash crash in the past two weeks, the price of Bitcoin has been repairing recently. It rose to a maximum of 59,600 US dollars last night, and almost returned to more than 60,000 US dollars. However, surged and fell back , the price suddenly began to dive, once fell below 55,000 US dollars, and dropped to 54,700 US dollars, which was nearly 4,000 US dollars lower than the highest point in the day.
The sudden dive of Bitcoin also caused heavy losses for many long-sellers. According to the data of liquidation and , within 24 hours, 209,000 people liquidated their positions, and the entire network lost 11.7 billion yuan.
At present, the total market value of Bitcoin is about 10,000 US dollars, and the total market value of gold is about 4 trillion US dollars. Many people expect that the value of Bitcoin will reach the level of gold.
Marx stopped buying cars with bitcoin.
On May 13, Musk said on social media that was concerned about the “rapid increase in the use of fossil fuels in bitcoin mining and trading”, tes Pull suspends the use of bitcoin to pay for car purchases, but will not sell any bitcoin.
Musk said that cryptocurrency is a good idea in many aspects, and Tesla believes that its future is promising, but this cannot be achieved by making the environment pay a heavy price.
Musk said, "Tesla has suspended the use of bitcoin to buy vehicles. We are concerned that large amounts of fossil fuels are required in bitcoin mining and trading, especially coal, which has the worst emissions of all fuels. Cryptocurrency is a good idea on many levels and we believe it has a bright future, but not at the cost of putting a burden on the environment.
Tesla will not sell any bitcoins, once mining becomes more accessible Sustainable energy transition, we trade it.We are also working on other cryptocurrency transactions that use to consume less than 1% of bitcoin's energy consumption. "
Bitcoin bounces back above $38,000 after weekend slump Industry event kicks off
Bitcoin bounces back from a roller coaster ride over the weekend and is on track for its biggest gain in more than three months. As of New York 10am time : 58, the world's largest cryptocurrency rose 12% to about $37,655 and rose to $38,683 at one point. In the past two weeks, the digital currency has been plagued by violent fluctuations , of which bitcoin The price of the coin tumbled 18% on Sunday.
As one of the biggest conferences of the year in the cryptocurrency industry kicks off, trader sentiment may turn more positive. The Fed governor said at the conference called, For central banks, a major problem with digital currency is its impact on the financial system.
If people store digital dollars in a digital wallet that is not associated with a bank account, and easily use this wallet to make payments, transfer money, then this will hurt the commercial banking system, banks will face a drying up of deposits, which are essential for banks to make loans.
"Whether you love it or hate it, bitcoin is affecting the market, stocks derivatives Product strategists said in a note on Sunday.
The second-largest cryptocurrency, , and ether, , also rebounded on Monday, rising 15 percent to about $2,373. The recent extreme volatility at
has prompted analyst to try to speculate on the digital currency's prospects, saying it is too early to say that the sell-off in Bitcoin is over. Goldman Sachs Says Extreme Volatility Reduces Cryptocurrency's Attractiveness to Institutional Investors
