Bitcoin is back over $15000 again, over 8% in the day

In December 26th, foreign media reported that bitcoin has rebounded sharply this week after a 30% price plunge last week. According to the latest data displayed by Bitstamp platform, bitcoin price has risen to 15000 US dollar from the previous 13000 US dollars. At the time of press release, it has approached 15500 US dollars, up 10%.

On the other Disclaimer platform, the price of bitcoin also stood at a high of $15000, at a maximum of $15232.

Morgan Stanley analyst James Faucette pointed out in a recent report that the real value of bitcoin may be zero. He thought it would be very difficult to evaluate the value of encrypted currency. Bitcoin is different from money, unlike gold, and its size is difficult to adjust. At the time of his report, the price of bitcoin has been rebounded to about $14400.

The price of bitcoin rose rapidly from mid September to mid December. At the beginning of November bitcoin maintained at around $5000, the last week of November, bitcoin prices rose over 40% dollars, the price not only broke through the $10 thousand mark, continue to rise to $15 thousand in December, to $20 thousand in currency price impact.

But last week, bitcoin had an inflection point. After the 20 thousand dollar pass on December 17th, the market turned sharply, and the single day in December 22nd fell by more than 20%.

Overseas platform data show that on Friday, 24 hours of bitcoin prices fell from $16000 to $11000, part of the platform fell to $10400, compared with a peak of $twenty thousand in December 17th, bitcoin prices almost halved, 24 hours of bitcoin $100 billion market value evaporated. This number exceeds the market value of Goldman Sachs and Morgan Stanley.

Bitcoin trading volume plunged, roughly makes some bitcoin trading platform server downtime. The United States is one of the largest bitcoin trading platform Coinbase said, because bitcoin prices plummeted, the emergence of a lot of selling, trading temporarily paralyzed.