Bitcoin plunges, the market value of all crypto assets temporarily disappears by nearly $ 1 trillion
In the transaction on the 19th, crypto assets Bitcoin and Ether plunged across the board. At one point, the crypto asset market was blown away by nearly $ 1 trillion in market capitalization. Although the rate of decline has narrowed since then, unstable market developments may cast a shadow over expectations that cryptocurrencies will join the mainstream assets. Bitcoin temporarily fell 30% and Ether accelerated its decline to 45%, but Tesla CEO Elon Musk and CEO of US asset management company Ark Invest have been at the forefront of support for cryptocurrencies. Once again showed support for Bitcoin, so the rate of decline rapidly narrowed. On this day, the selling point was that Chinese financial industry groups tightened regulations such as banning the provision of crypto asset-related services by financial institutions on the 18th.