The price of bitcoin hits a new high and breaks through $60,000 per coin: more than 170,000 people blasted 5.7 billion yuan in stocks in one day
The loose monetary policy of the United States led to the continued rise of Bitcoin. On March 13, the price of Bitcoin reached 60,000 U.S. dollars, or about 390,000 yuan, with a market value of more than 1.12 trillion U.S. dollars.
Since 2021, Bitcoin has surpassed the 40,000 mark in less than a week after hitting $30,000 on January 2. Prior to this, Bitcoin broke through US$20,000 on December 16, 2020, and it took about half a month for the unit price from US$20,000 to US$30,000.
Since January 8, after Bitcoin broke through a new high of $40,000, it has experienced price shocks; after a month, it has broken through the round number one by one. On February 16, the price of Bitcoin hit $50,000. It took 39 days to cross the 10,000 yuan mark.
In the past less than a month, the price of Bitcoin has fluctuated several times, and the lowest has fallen to around 43,000 US dollars.
Many encrypted digital asset exchanges believe that although the price of Bitcoin continues to rise, investors need to pay close attention to the risk of high volatility in the price of Bitcoin. In the past month, after Bitcoin has repeatedly appeared at new highs, it has suddenly experienced a sharp correction trend, which has put many high-leverage chasers into the risk of liquidation.
In addition,Investors also need to pay close attention to the possible risk of price manipulation in Bitcoin-due to the lack of liquidity in Bitcoin, any large Bitcoin player suddenly concentrated on selling their positions and leaving the market for profit will trigger a violent turbulence in Bitcoin in a short period of time Fell.
According to data from Bitcoin Homes, in the last one hour, more than 1.1 billion funds have been liquidated. In the last 24 hours, 170,102 people have liquidated their positions, with 881 million U.S. dollars (≈5.719 billion yuan) in 24-hour liquidation.