Bitcoin is hot recently. Its price is like a rocket. Yesterday, its price exceeded $58000, with an overall market value of more than $1 trillion. Even musk, who looks at bitcoin, says that the price is a bit high.
As bitcoin is about to hit the $60000 mark, new US Treasury Secretary John Yellen yesterday made a high-profile criticism of bitcoin,Bitcoin is often used for illegal financing, and it is inefficient and has high investment.
With this remark, the price of bitcoin plummeted from the highest price of $58355 to $47024, with a fluctuation of more than $11000. The price of bitcoin plummeted as high as 19%.
Bitcoin prices plummeted, but also to invest in bitcoin people face huge losses. According to financial blogger Xiang Xiaotian,Last night, bitcoin diving caused some people to lose 99% overnight, losing 3.26 million yuan, leaving only 25000 yuan in assets.
The simple rise and fall of bitcoin price will not lead to so many losses. The main reason is that it is easy for investors to add leverage to invest in bitcoin, so it is easy to lead to a sharp rise or fall in assets. It is too common to burst positions.
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