At midday 7th, the price of bitcoin has dropped to around 10700 dollars. Bitcoin's previous attempt to break a 12000-dollar failure has continued since yesterday.
According to Bitfinex data, the U.S. time 6th 3:00 Bitcoin Price began to fluctuate 11262 U.S. dollars, but the basic maintenance of more than 11200 U.S. dollars above the position, in the 6th after the rapid decline, fell below the 11000 dollar Pass, to 6th 13:45 down to 10821 U.S. dollars, After a rebound later fell again, to 6th 19:30 down to 10567 U.S. dollars, and then basically maintained in the vicinity of 10700 U.S. dollars, as of 7th, the price of Bitcoin closed at 10722 U.S. dollars.
At midday 7th, the price of bitcoin has dropped to around 10700 dollars. Bitcoin's previous attempt to break a 12000-dollar failure has continued since yesterday. As a effect, the cryptographic money market fell, with 90 of the top 100 currencies falling.
In the past 24 hours, according to the Okex platform, the net outflow of Bitcoin amounts to 638 million yuan, according to the data of the currency security, the net outflow of Bitcoin amounted to 152 million yuan.
Despite the large outflow of funds over the past 24 hours, but compared to yesterday's capital outflow has been reduced, and bitcoin over the past 24 hours to hit the bottom of 10600 U.S. dollars, but in terms of volume, in this position strong support, then still have to observe the withdrawal of funds, to confirm the market upward or continue to fall below the downward.
In fact, the total of Bitcoin still continued in the vicinity of 11000 U.S. dollars frequently volatile trend, a certain degree is affected by the market momentum, in addition, Bitcoin rose at the same time, other cryptographic currencies have also affected the rise of the overall market.
On the message side, Andy Haldane, chief economist at the Bank of England, said the digital money market was less than 1% of global wealth and would not pose a major threat to the stability of the financial system; Foreign media reported that China's virtual money market "has been falling", said that if it bought China's encrypted currency within three months, it would face price diving, and foreign media reports that the US Commodity Futures Trading Commission (CFTC) has the power to regulate the digital currency as a "commodity" in Tuesday. At the moment, bear market conditions and regulation may lead to a drop in the price of Bitcoin, but many in the industry are welcoming regulation, which favours bitcoin's move to the mainstream.