cryptoforfun
Contributor
After 7:30 Beijing time, Bitcoin price quickly fell to the six major barriers of 6800, 6700, 6600, 6500, 6400, and 6300 US dollars, and fell more than 14% in 24 hours.
Some analysts said that the main reason for the collective plunging of the cryptocurrency is that its related regulatory framework is still unclear. Goldman Sachs will abandon its plan to open a cryptocurrency trading room in the near future, giving priority to how it can participate in such markets, possibly in the future. Restart this type of plan at a time.
Michael DuVally, a spokesperson for the bank, said: "At this stage, we have not yet reached a conclusion on the scale of digital asset services." But Goldman Sachs is currently focusing on other projects, such as cryptocurrency managed products.
If the news is true, it means that the first Bitcoin trading room of Wall Street institutions will be in the foreseeable future, which has caused "anxiety" in the virtual currency field.
Brain Kelly, founder, and CEO of cryptocurrency hedge fund BKCM believes that "they (Goldman Sachs) are not part of this ecosystem, but to some extent, they are representatives of a group of institutions, which is negative (message)."
And Mike McGlone, senior commodities strategist at Bloomberg, said the price of Bitcoin currency is falling, but the bears are skyrocketing. Bitcoin prices may start to fall and may actually fall to $5,000.
In addition, some analysts pointed out that the real bad news today is actually from ShapeShift. The company announced that it would cancel the anonymity and force people to register, which is undoubtedly to combat money laundering and other illegal activities. Therefore, the selling of other currencies in the cryptocurrency market today is more violent than the selling of Bitcoin, indicating that many people who do not want to be named and have small currencies are selling.
Bitcoin Info
Bitcoin price today is $6466.32 on September 6, 2018, dropped 12.22%.
Some analysts said that the main reason for the collective plunging of the cryptocurrency is that its related regulatory framework is still unclear. Goldman Sachs will abandon its plan to open a cryptocurrency trading room in the near future, giving priority to how it can participate in such markets, possibly in the future. Restart this type of plan at a time.
Michael DuVally, a spokesperson for the bank, said: "At this stage, we have not yet reached a conclusion on the scale of digital asset services." But Goldman Sachs is currently focusing on other projects, such as cryptocurrency managed products.
If the news is true, it means that the first Bitcoin trading room of Wall Street institutions will be in the foreseeable future, which has caused "anxiety" in the virtual currency field.
Brain Kelly, founder, and CEO of cryptocurrency hedge fund BKCM believes that "they (Goldman Sachs) are not part of this ecosystem, but to some extent, they are representatives of a group of institutions, which is negative (message)."
And Mike McGlone, senior commodities strategist at Bloomberg, said the price of Bitcoin currency is falling, but the bears are skyrocketing. Bitcoin prices may start to fall and may actually fall to $5,000.
In addition, some analysts pointed out that the real bad news today is actually from ShapeShift. The company announced that it would cancel the anonymity and force people to register, which is undoubtedly to combat money laundering and other illegal activities. Therefore, the selling of other currencies in the cryptocurrency market today is more violent than the selling of Bitcoin, indicating that many people who do not want to be named and have small currencies are selling.
Bitcoin Info
Bitcoin price today is $6466.32 on September 6, 2018, dropped 12.22%.
