Bitcoin plummeted nearly 200 billion U.S. dollars a day across the board
According to CoinMarkeCap ​​data, as of press time bitcoin quote $ 9511.29, the first time since December 1, 2016 below $ 10,000. Bitcoin's single-day price fell more than 20%, which is still relatively small in the decline in all digital currencies. 

Ethereum fell 29.16%, Rui Bo currency fell 33.46%, bitcoin cash fell 30.08%. According to statistics, since yesterday, the total market value of these encrypted currencies has evaporated by nearly 200 billion U.S. dollars due to the price drop. Even the exchange was closed, as Bitconnect dropped more than 90%, though the exchange was suspected of being a "Ponzi scheme."

In addition, the 18th is the Chicago Mercantile Exchange (CME) launched a full month of bitcoin futures, the January contract price of 9990 US dollars, and on December 18 when CME launched the Bitcoin period, the highest contract in recent months, 20650 Dollars. Recalling what CMO chairman Leo Melamed said earlier, "CME will tame bitcoin so bitcoin is not wild and not insane, and we'll tame bitcoin as a regular trading tool." The futures really tamed Bitcoin?


Bitcoin plummeted nearly 200 billion U.S. dollars a day across the board
Some people think that the drop in bitcoin prices is the process of the collapse of its previous bubbles and its return to real value. Some people think that the South Korean finance minister mentioned the need to impose more stringent control measures. "Closing the virtual currency exchange is still one of the options." This is another A straw.

Nick Colas, an analyst with data analyst firm DataTrek Research, predicts that bitcoin will not surge in 2018 as it did last year. The new features will be more volatile than in the past, with volatility ranging from 6500 to $ 22,000.

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