There are many reasons why bitcoin has fallen sharply. On the one hand, because the policy does not support it; On the other hand, because of the emergence of bitcoin cash, the technologies of the two currencies are incompatible, which leads to a serious drop in bitcoin prices.

There are many reasons why bitcoin has fallen sharply. On the one hand, the policy does not support it; On the other hand, due to the emergence of bitcoin cash, the technologies of the two currencies are incompatible, resulting in a sharp drop in bitcoin prices. There are many reasons why bitcoin has fallen sharply. On the one hand, because the policy does not support it; On the other hand, because of the emergence of bitcoin cash, the technologies of the two currencies are incompatible, which leads to a serious drop in bitcoin prices.

20 17 February, the price of bitcoin reached its peak, once exceeding $20,000, and many people could not help but want to enter the bitcoin trading market. 20 17 June, the price of bitcoin plummeted, and many people caused huge economic losses because of blind investment. 20 18 was a year when the price of bitcoin plummeted, and the lowest price reached 3400. 65438+February17-65438+February 20, the price of bitcoin rose, and the current price was around 4065 dollars, and the price rose by about 600 dollars for four consecutive days.

What is the reason for the price diving this year? Let's talk about the reason why Bitcoin plummeted.

1. Without the support of policies, Bitcoin has not yet spread all over the world. China has a restrictive attitude towards Bitcoin, and there is no corresponding policy to protect its trading and development. In addition, the US Securities and Exchange Commission imposed some penalties on illegal cryptocurrencies.

2. The technology has a hard fork, and bitcoin cash appears. The technologies of the two currencies are incompatible, resulting in a serious shrinkage of Bitcoin.

3. Investors are depressed, and the price of Bitcoin has been in a sideways stage since September-165438+ 10. Investors lack confidence in the market, transactions are dull, and new funds injected into the market are gradually decreasing.

These are the reasons for the sharp drop in bitcoin prices. Of course, there are other factors. There are great risks in the bitcoin trading market. Don't blindly enter the market. You must learn professional knowledge.