Bitcoin has experienced at least a plunge of 1 1 since it was noticed by the public. The last time was in June last year (1 1), Bitcoin was sold by the public in a panic within a trading day, and once plunged 14%, which was the biggest drop in the last year. After the plunge, Bitcoin continued to hover at the price of $65,438+07,000. With the collapse of Bitcoin, other digital currency did not perform better. On the day of Bitcoin crash, digital currency, the top six in the market, fell, Litecoin fell by 2%, and Ethereum fell by 1%. As the most concerned digital currency, the transaction of Bitcoin has become the weather vane of the whole digital cryptocurrency. When the bitcoin market is good, basically the whole market will not be very good.

According to media reports, in this plunge, a large number of leveraged bitcoin investors directly broke positions, with more than 70,000 investors and accumulated funds of nearly 367 million US dollars. However, in the history of more than ten years, the overall price and market value of Bitcoin have been rising. Starting from 20 19, the price of bitcoin was only 1 10,000 US dollars at that time, and now it has turned several times. But overall, Bitcoin is still a new trading market, which is not standardized enough. In this market, its fluctuation frequency is obviously much higher than that of the stock market and futures, because the government's supervision on it is also relatively low, and the digital currency trading market is still in an emerging market state.

Therefore, in the face of immature markets and eager investors, the price of bitcoin has always been a roller coaster. Even within a trading day, the highest price can reach 19474 USD, and the lowest price can be reduced to 165 14 USD. On a trading day, the price fluctuated by more than 200 RMB, which was very exciting.

However, since last year, with the long-term funds of institutions entering the market one after another, the price fluctuation of Bitcoin has obviously become smaller.