It is no exaggeration to say that digital currency, the RMB issued by the central bank, is a decentralized super digital currency, and foreign trade with China no longer needs to be settled in US dollars. Direct settlement in RMB and digital currency currency, bypassing the US dollar. This is the beginning of beautification and a model of RMB internationalization. This is a wise move to overtake the RMB corner.
It is worth mentioning that the plunge of cryptocurrency will still have a certain impact on digital currency concept stocks, but the specific situation still depends on the trend after the opening.
Cryptographic currency collapsed across the board:
On the evening of May 19, Beijing time, European and American stock markets were extremely unstable. The Ostock 50 index once fell by 2%, and the US stock market plunged across the board in the early stage, and the panic index soared 15%. After the opening, the three major indexes of US stocks fell to 22: 17, a decrease of about 1.5%.
At the same time, the international oil price also fell sharply, with oil distribution falling by more than 2% in a single day, and WTI futures crude oil falling by more than 4% in a single day, hitting a new low since April 27, falling below $62.80/barrel. Judging from the trend of US Treasury bonds, the rise in the yield of 10-year treasury bonds also means that the treasury bonds are falling. The most worrying thing is the decline of cryptocurrency, which is a massacre. Bitcoin plummeted by 27%, Ethereum plummeted by nearly 37%, and EOS and IDA both fell by nearly 50%.