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Why did the BTC coin suddenly drop (why is the price of BTC so high)

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Why did the BTC coin suddenly drop (why is the price of BTC so high)

Why did the btc coin suddenly drop? At 4 pm this afternoon, the btc coin suddenly fell, reaching a minimum of 0.006 USDT (currently quoted at 0.015 USDT). Market analysis

From the perspective of technical indicators, Bitcoin Bollinger Bands closed. But in the hourly chart, prices have already started to decline. At the same time, there has also been a deviation between the MACD and RSI three lines, indicating that bearish forces are still strong. So if the market is at the beginning of a bear or bull market, it indicates that there is a large amount of buying demand in the current market, which has led to a recent price decline

Why is the price of btc so high

Recently, the official announcement of Coin An will officially launch the btc token on June 15th.

. According to the announcement, the price of Btc has more than doubled since April, with a total issuance of 100 million pieces and a circulation of over 300 million US dollars. In mid May 2019, Bitcoin prices began to rise before reaching $10000. But with the recent recovery of the market and the increasing support for Btc in the global market, why can btc continue to rise? Let’s take a look at what Btc is and why its value is so high. 1. Author of the Bitcoin white paper: Li Qiwei

The Bitcoin white paper is an open source code project written by Bitcoin Core, which was invented and published by Peter Todd, the core contributor of Bitcoin Core. There are currently a large number of Bitcoin addresses in the network, and most of these addresses are BTC holders (miners). Since 2018, the continuous decline of Bitcoin has led to increased losses for some investors. From the end of 2017 to the beginning of this year, Bitcoin has been in a downward trend. Since the end of 2018, the price of Bitcoin has plummeted from $6000 to around $3000, but has since returned to normal; Until now, there have been no significant fluctuations.

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