wholesale gold filled jewelry in graham brooklyn new york Just as the bull market, why did cryptocurrencies collapse in an all -round way?

wholesale jewelry for pearls The sudden plunge in this time stems from multiple reasons. The first thing to do is the issue of policy supervision.
In British as financial news, several online reports attributed this round of decline because the market speculated that the US Treasury might crack down on money laundering activities through digital assets. It is understood that the Federal Reserve President Powell recently publicly stated that it does not support virtual currency, and he believes that they are not really actively used for payment.
In addition, the Central Bank of Europe Governor Lagarde aimed at Bitcoin's role in promoting criminal activities in January this year, saying that the cryptocurrency has been promoting "interesting business"; "Regulations for disable cryptocarus assets in payments" announced that the use of cryptocurrencies will be prohibited from April 30. The government also pointed out that cryptocurrency wallets are easily stolen, and irrevocable transactions are also worrying;
2020 in 2020 In March, the Supreme Court of India rejected the policy launched by the Central Bank of India in 2018, which banned banks from participating in cryptocurrency -related transactions. This news caused Indian investors to pour into the cryptocurrency market, but then the Central Bank of India's Central Bank once again expressed concerns, and some officials disclosed that India will propose a new bill to block all cryptocurrencies ...
Policy supervision has always been the most severe issue facing cryptocurrencies. In addition, the CEINBASE CEO who just mentioned the listing company sold the company's stock cash out $ 290 million, and the cumulative cumulative cash out of more than 4.6 billion US dollars; COINBASE's chief finance of COINBASE Official Alecia Has cash out about $ 99.32 million at a price of $ 388.73. These behaviors all caused the industry's panic.
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The favorable multi -party. Cryptocurrencies are recently on the market
In the past two months, the cryptocurrency market has a collective rise and prosperous scene. Taking Bitcoin as an example, since the bargain of $ 50,000 in early March, the price of Bitcoin has been stable than this level, and the bulls even pushed the price to a historical high of nearly $ 65,000. Behind it is the benefits brought by the news of PayPal's information in the field of cryptocurrencies, and more importantly, the attention of traditional capital.
In February this year, Morgan Chase, the largest financial service agency in the United States, will launch an crypto digital currency Morgan coin (JPM Coin) for payment transactions between real -time settlement customers; Goldman Sachs and Citi Group ( Large banks including Citigroup) have also extended their service products to cryptocurrencies.

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