For the collapse of the cryptocurrency market, analysts said that there are three main reasons:

Bitcoin selling (BCH) caused by hard cash fork of Bitcoin.

Strict supervision of Bitcoin and digital currency by national regulators.

The panic of global investors is in a hurry.

In fact, the BCH hard bifurcation of June 165438+ 10/5 is obviously the fuse for the current decline of Bitcoin.

At this time, Bitcoin ABC, represented by Wu, the founder of Bitland, and Bitcoin SV, represented by Qingbencong, launched a battle of mining hegemony, which triggered the selling of Bitcoin and the price of the currency plummeted.

For the collapse of the cryptocurrency market, analysts said that there are three main reasons:

Bitcoin selling (BCH) caused by hard cash fork of Bitcoin.

Strict supervision of Bitcoin and digital currency by national regulators.

The panic of global investors is in a hurry.

In fact, the BCH hard bifurcation of June 165438+ 10/5 is obviously the fuse for the current decline of Bitcoin.

At this time, Bitcoin ABC, represented by Wu, the founder of Bitland, and Bitcoin SV, represented by Qingbencong, launched a battle of mining hegemony, which triggered the selling of Bitcoin and the price of the currency plummeted.