Analysis: price or deviation from fundamentals
Coindesk's bitter currency prices plummeted, another coin trading platform, OKCoin, also worth millions of dollars in long positions contract closed, may make the bit currency decline. Analysts believe that the initial signs that the price plunge may indicate that bitcoin prices have been seriously deviated from the fundamentals. Bit currency trading platform Whale Club said that the rise in the price of the transaction to reduce, may mean that the situation has weakened bitter currency.
Coindesk pointed out that this price surge may bring vigilance for investors. Bitcoal has appreciated more than $ 1,000 in the last 30 days. The Japanese government approved in April as a legitimate way to pay special currency, China agreed earlier this month, a number of major special currency exchange to resume business, stimulated the speculation of Bitcoin.