Why is Bitcoin a daily trend

Why is Bitcoin all daily? According to CCN, why is Bitcoin all daily? Before the birth of Bitcoin, there was a saying called the daily line. When a new project is launched, it will have a significant impact on the market because investors in the market are now waiting to see what can be discovered or accept the benefits of the project before buying coins. If the price of Bitcoin rises to a certain extent and there is a wave of downward trend, it will trigger some panic emotions, causing many traders to start selling chips and cashing out

Why did Bitcoin experience fluctuations

From 2017 to 2019, Bitcoin finally experienced an explosive rise after two years of sideways consolidation.

. Why are there ups and downs Firstly, the volatility of Bitcoin prices is high (from early 2018 to mid 2020), which means that there are many phenomena in the market, such as a large number of trapped stocks, price fluctuations caused by funds being unable to escape for a short period of time, and uncertainty in the market; Secondly, the trading volume of Bitcoin is as huge as other currencies, and there is still some room for appreciation. However, due to its high returns and high transaction fees, investors may have many concerns about investing in high-risk assets, such as whether Bitcoin in their investment portfolio can be used for speculative or alternative purposes. So we believe that with the development of encrypted digital assets, people will pay more attention to their value proposition rather than their own attributes or functions. So the question arises: why has Bitcoin gone up and down? Because Bitcoin, as a new payment method, has begun to emerge and has attracted the attention of numerous financial institutions and capital players around the world. The growing popularity has made many people see the importance and potential of Cryptocurrency. It is precisely because of these factors that a bull market occurs Furthermore, the main reason why Bitcoin is so popular is that it can be used in various application scenarios, including payment, identity authentication, and so on. But there is still a long way to go before it can be truly used for daily use. Therefore, when you want to purchase something, you must consider your own needs and how to convert it into legal currency; Additionally, if someone wishes to obtain stable income by purchasing BTC, then this process will come at a cost. Of course, there are also people willing to buy in order to obtain higher returns, after all, most people now like to hold some BTC to participate in investment. However, many people do not understand what Bitcoin is, only know whether it is “gold” or “oil”. In fact, Bitcoin is such an emerging thing that has been strictly regulated by governments around the world since its inception, and has remained relatively loose to this day. At the end of 2018, media broke that “US President Biden is about to sign a new rule on digital dollars, which allows the country to issue Digital renminbi”. This news once triggered strong discussion in the industry, and then quickly ignited the enthusiasm of the Cryptocurrency industry. On May 12th this year, Federal Reserve Chairman Jerome Powell delivered a speech stating that the central bank is studying the creation of a CBDC. He pointed out that currently no central bank has the ability to directly manage digital currencies. Although various countries have introduced relevant policies in recent months to protect the public interest, Bitcoin is still a new technology and is still in the early stages of development In addition, in the past few years, more and more technology giants have entered the blockchain field. For example, IBM’s Microsoft cloud computing platform announced support for Corda based on Hyperledger Fabric, aiming to achieve enterprise level scalability while leveraging its powerful distributed ledger technology to reduce costs.