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"Recently, a certain country's government issued a crackdown order on Bitcoin mining farms, forcing the world's largest mining farms to shut down. As a result of this news, the price of Bitcoin plummeted overnight, dropping below the $30,000 mark. This news sent shockwaves through all investors.
Looking back to mid-April this year, Bitcoin had surged to over $65,000 per coin, earning its reputation as the darling of all investors. At that time, even Tesla's official website indicated that they would accept Bitcoin as payment, further boosting the price of Bitcoin. However, all of that is now in the past.
This recent crash of Bitcoin has undoubtedly had a massive impact on the entire cryptocurrency market. But we believe that, after experiencing this baptism in the market, the market mechanism will become more robust, market trends will improve, and Bitcoin will continue to move forward in a more stable development direction.
While the Bitcoin crash has resulted in significant financial losses for many, we believe that this new digital currency market will have better prospects for development." |
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Post time 19-10-2023 07:36:38
