wholesale silicone jewelry Bitcoin plummeted nearly 20%, what happened behind?

wholesale fashion jewelry free shipping worldwide The Bitcoin in the past few days is like a roller coaster. The price has once risen to $ 64,000 a day after a few days after it has fallen below $ 52,000, and the intermediate difference is close to $ 13,000. The main reason is that the Coinbase executives have cash with the Turkish central bank that they have banned the payment of cryptocurrencies from paying.
Bitcoin: Initially, Nakamoto proposed the concept of Bitcoin on November 1, 2008, and was officially born on January 3, 2009. According to the open source software and constructing the P2P network based on Satoshi Nakamoto's thinking. Bitcoin is a virtual encrypted digital currency in P2P form. Point -to -point transmission means a decentralized payment system. Unlike other currencies, Bitcoin does not rely on specific currency institutions. It is generated according to a large number of algorithms. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all trading behaviors. And use cryptographic design to ensure the security of all aspects of currency circulation. P2P's decentralization and algorithm itself can ensure that the value of currency cannot be manipulated by large -scale production of Bitcoin. The encrypted design only allows the real owner to transfer or pay Bitcoin. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and scarce. This sharp decline has further reminded the cryptocurrency market's high volatility and high risk. Coinbase's founder also acknowledged in an interview on the day of listing that supervision is one of the biggest risks facing cryptocurrencies. Fed Chairman Powell has repeatedly commented on Bitcoin and cryptocurrencies. However, Brooks, who once served as the Director of the Office of Monetary Supervisor's Office of the US Department of Finance, holds different views. He believes that one of the reasons for the popularization of cryptocurrencies is that the over issuance of the US dollar has made Bitcoin and other cryptocurrencies have a stored value. (Pay more attention to the risk of trading Bitcoin)

wholesale jewelry alabama I think it is mainly because the US easing policy has led to a large amount of funds withdraw from Bitcoin and chose the US dollar. After all, the US dollar can circulate globally, so Bitcoin plummeted by nearly 20%.

wholesale cubic zirconia jewelry india It reminds the cryptocurrency market's high volatility and high risk, and the founder of Coinbase also stated in an interview on the day of listing that current supervision is one of the biggest risks facing cryptocurrencies.