Since the beginning of this year, cryptocurrency has fallen by 30% and lost its market value of $44 billion.
Stephen, head of Asia-Pacific trade? Stephen Innes said by telephone: "Once the price in digital currency reaches $65,438+$00,000, cryptocurrency will adopt an irreversible policy in the near future: recover after falling to one basis point."
Since the introduction of Bitcoin futures by American regulatory exchanges, Bitcoin reached a high of nearly $20,000 in early February of 20 17. A series of negative news hit cryptocurrencies such as Bitcoin, and the losses have intensified since 438+08 in 1965.
On October 26th, 65438/kloc-0, the digital currency of Japan's digital exchange Coincheck was robbed by hackers, which increased the pressure on Japanese regulators to investigate the business activities of this industry.
In this case, the Korea Trade Organization continues to discuss stricter management measures, including bans.
Innas believes that cryptocurrency will further drop to about 5000-6000 USD (about 38,000-38,000 RMB), but it will eventually rise to 1 10,000-10.5 million USD (about 63,000-94,000 RMB).
He said that this road will not be smooth because the global authorities will only increase the review of the electronic money industry from now on.