On the 8th of the following month, the trend of Bitcoin continued to maintain violent price fluctuations. It first fell from the opening price of 4.7 US dollars to .6 US dollars, with an intraday decline of -44.68%, and then began to rise crazily.
Its price rose from the lowest price of US$.6 during the day to the highest price of US$10.7, achieving the largest increase of 17.66% during the day. It rose from the lowest price of US$.6 during the day. Today's theoretical unilateral long position can reach 311.3%.
The amplitude throughout the day also refreshed the 134.8% of the US dollar's peak on March 0, reaching an astonishing amplitude of 17.34%.
It finally closed at the price of 9.6 US dollars, rising 104.6% throughout the day. After seven consecutive days of plummeting, it finally ushered in a retaliatory rise, and the increase doubled in one day.
Players in the currency circle call it exciting!
In the next three days, Bitcoin's trend continued the bullish trend and continued to rebound. It rose 33.33% on the 9th, rose 14.98% on the 30th, and rose again by 9.40% on the last day of the month. The price of Bitcoin also rebounded.
The price reached $16.1.
However, the trading volume in the past few days has gradually slowed down, and has basically remained at a full-day trading volume of about 10 million US dollars, because Fang Hong's trading team no longer frantically refreshed the trading volume data.
Entering June, on Wednesday, June 1, Bitcoin, which had risen for four consecutive days, closed down -7.71% today.
There is news in foreign currency circles that "Mentougou" will soon launch Bitcoin's first short-selling tool, and by then participants will be able to short-sell Bitcoin.
The so-called "Mentougou" is the Bitcoin trading platform mtgo. This platform is a small cryptocurrency exchange. Because the pronunciation is similar, it is nicknamed "Mentougou" by players in the domestic currency circle. Everyone gets used to it and it is agreed upon.
Too vulgar.
…
On Thursday, June, Bitcoin rushed to a price of $16.9, and when it reached the 14.19% level, it suddenly began to plunge. The reason for the plunge was that the first short-selling tool for Bitcoin was launched by the mtgo trading platform.
The cryptocurrency is officially short-able.
Players in the currency circle are also very "sensible". As soon as the news spread that day, there was a wave of people expressing their respect. On the same day, the price went from the highest price of 16.9 yuan to 4.7 US dollars again.
Compared with the highest price of the day, it recorded a decrease of -7.19%, and compared with the opening price, it recorded a decrease of -68.4%.
As exciting as ever.
After Bitcoin fell to the price of $4.7 during the session, it started a short-squeeze rebound and rebounded by 104.%, reaching the price of $9.6, and finally closed at this price, closing down -3.13% throughout the day.
Amplitude 8.18%.
After entering June, Fang Hong paid more attention to the trend of Bitcoin. The most important thing was to care about the 310,000 Bitcoin chips he had collected with so much effort. As expected, the mtgo trading platform was about to suffer a serious blow and suffered a hacker attack.
, and also laid the fuse for future bankruptcy.
None of the chips in Fang Hong's hand are on the trading platform. He does have a few chips, which are used to speculate on the trend of Bitcoin. But the problem is not big. The corresponding value is less than 10 million US dollars. During this period, he can go ashore first.
Take the dollars first.
The current manipulation of Bitcoin by Fang Hong has activated the speculative atmosphere in the market. The trading atmosphere has become hundreds of times more active than last year. The average daily transaction in the past month has been maintained at the level of tens of millions of dollars.
After the first short-selling tool came out and tasted the benefits of short-selling on the first day, short-selling Bitcoin players were quickly hammered.
Because in the next three days from June 3 to June 3, Bitcoin once again went out of three consecutive positives, rising by 10.34%, 18.94% and 49.4% respectively. The price of Bitcoin soared to a height of 18.9 US dollars, breaking through
It has reached the high point of the rebound in the past few days.
It then adjusted for a day, falling -11.64% and closing at $16.7.
But then, Bitcoin adjusted for a day and rose again. After a sharp increase of 10.78% on June 7, it began a crazy short squeeze in the next two days, and the short sellers' heads were smashed.
Because two new encrypted digital currency trading platforms have been launched, the scale of New Leek has been expanded.
The trend of Bitcoin surged by .08% and 39.33% respectively on June 8 and June 9. The price closed at 39. US dollars. The total market value exceeded 800 million US dollars, and the highest price once reached a high.
At the price of 41.0 U.S. dollars, this bullish momentum gives people the impression that it is about to break through the historical high of the previous high U.S. dollar.
This was something that no one expected. In just 14 days, Bitcoin soared from US$1.9 to US$41.0, with a cumulative increase of 068.4%, more than 0 times.
With such a surge, more and more people are optimistic that the US dollar will break through and reach a record high.
However, in the next two days, Bitcoin adjusted downward, falling -.% and -7.71% respectively.
On Saturday, June 11, the trend of Bitcoin crashed again, from the opening price of 3 US dollars to around 1 US dollars. It was cut in half again from the daily price, and finally fell to 14.6 US dollars. The price plummeted -8.8%.
…
Finally, what was supposed to come came.
On June 0, the mtgo trading desk suffered a hacker attack. The hackers took advantage of the platform's security loopholes to transfer offline stored bitcoins from the "cold wallet". A shocking market situation unfolded. One bitcoin was actually sold for only
One cent, while the previous normal market price was around $1.
On that day, both domestic and foreign currency circle forums exploded.
[Wori, my Bitcoin is gone?]
[What happened to Horse Racing? Why was my Bitcoin sold for 1 cent?]
This chapter is not finished yet, please click on the next page to continue reading the exciting content! [Is there a bug in Mentougou?]
[Why can’t I trade?]
[Breaking news from abroad: Mentougou has been hacked. Founder Mark Kaples tweeted to urge users to change their passwords quickly. The trading platform has been closed!]
[????]
[Wori—!]
[Latest news, Mark announced that today’s transaction is an abnormal period transaction, and all batch transactions are invalid.]
[I woke up in the middle of the night and looked at my account, and all the $10,000 dollars went back to zero!]
[Many people have fallen into this trap, and many people in foreign currency circles have posted articles saying that Bitcoin has been stolen from their wallets!]
…
The next day, the news that the mtgo trading platform was hacked was reported by many financial media in Europe and the United States. This encrypted digital currency trading platform founded in 010 currently has more than 1 million registered users around the world, and its daily transaction volume can now reach
Millions of dollars.
This time it is really popular outside the currency circle.
mtgo founder Mark Kaples immediately issued a statement stating that the funds are safe, and his management team has repeatedly guaranteed the platform’s fund security.
It is still a giant in the Bitcoin market. Many people still believe that these problems are only temporary, and the founder of mtgo is also a highly respected figure in the currency circle.
But this time mtgo and encrypted digital currencies have become popular in this way. It is not a good thing. The security of digital currencies has also been questioned by investors.
Some foreign media reporters asked the mtgo management team to disclose specific data such as how many Bitcoins were lost.
However, it was rejected by the mtgo management team on the grounds of troubleshooting system vulnerabilities, statistics, etc.
Now, many people were still panicking.
This shows that the number of Bitcoins stolen this time is large.
In fact, the mtgo management team knew that this was a mistake. The platform lost a total of about 80,000 bitcoins, of which about 70,000 were from users and 100,000 were from the company.
Calculated based on the current price of US$1 per coin, the total value is US$170,000.
For the platform, although it is not bankrupt, it is still an unbearable huge loss.
The most important thing is a potential risk here. Once Bitcoin rises and the mtgo platform does not recover the lost Bitcoins, what if the price rises to US$100 per coin?
That's 170 million US dollars, which even if the mtgo platform is sold, it can't afford to lose it.
