In the early morning of the 25th, bitcoin suddenly broke into a waterfall market with a long-term unit price of 10000 US dollars. The unit price of bitcoin plummeted by 1300 US dollars in an hour, which led to the "great crash" of the whole virtual currency. It was associated with numerous accounts that broke out, and the whole Virtual Currency howled recently.
The "bitcoin crash" also hit a new low of 3 months after two months, which shows that at around 2:35 a.m. on September 25, bitcoin's unit price was still around $9452, followed by a waterfall crash. By 3:45, bitcoin's unit price had fallen to $8085, plummeted by 14.46% in an hour or so, and its market value had evaporated by about $24.5 billion.
As of 18:00 on the 25th, the unit price of bitcoin was $8435, down 13.27% in 24 hours. Non small market shows that bitcoin prices have fallen by 14.51% in the past seven days, 13.88% in the past 30 days and 32.94% in the past three months. Bitcoin's current unit price of $8736 is also a three-month low.
With the sharp fall of bitcoin, the "leading big brother" of virtual currency, non small market shows that except for the so-called "stable currency" (usdt), all the virtual currency currencies ranking first in circulation market value are down, with the lowest decline of more than 10%, and the highest decline of more than 20%.
For many virtual currency players, leverage and futures are essential tools. According to the coin data of the third-party virtual currency data platform, as of 9:00 this morning, the new 24-hour exposure single reached 920 million USD DT (1usdt ≈ 1 USD), equivalent to the evaporation of the market value of 920 million USD.
Some bitcoin investors said that they woke up in the middle of the night last night, received the short message of the stock explosion, and then couldn't sleep any more... In addition, according to the data of aicoin, there are 246 super retail investors with bitcoin contracts in total, among which the largest investor's exposure amount is more than 70 million yuan. The time of exposure of super retail investors of bitcoin actually starts from 2:00 a.m. today and continues to this afternoon.
Specifically, the first super retail investor broke out a position of 30490000 RMB bitcoin contract at 2:42 a.m. today, and the subsequent positions were all concentrated around 3:00 a.m. today. Although the market has started to be flat this afternoon, there are still super retail investors. At 3:31 p.m. today, one super retail investor broke out a position of 24.45 million RMB.
The value of cryptocurrency "may be zero." why is the price of bitcoin plummeting this time? Some people think that bitcoin's price is related to its network computing power (hash rate), and this price slump also has omens.
On September 23, the hash rate of bitcoin network dropped from 98 million Th / s to 57.7 million Th / s, down 40%, which is enough to "shock the whole network", according to coin.dance. The hash rate (or "hash" or "computing power") of the cryptocurrency is a parameter that measures the number of calculations a given network can perform per second. The high hash rate means that the competition among miners in the new block is more and more fierce; it also increases the number of resources needed to perform 51% attacks, making the network more secure.