What is the reason why the two currencies fall in two days?
What is the reason why the two currencies fall in two days?
The "blind currencies" suffered a major price turmoil after the second day of September, which led to a loss of up to 20% of the values of all currencies, but prices returned to recovery. This article will discuss why the currency is falling.
An unstable world
The currency of the «Pettquin» - after reaching a value of five thousand dollars on Saturday, 2 September - in addition to all «digital currencies» of the decline of the double figure of value within 48 hours before recovering again on Tuesday, 5 September.
On Sunday and Monday, the "spot currency market" lost about 20% of the total value of the currency, after the value of trading on Saturday amounted to about 180 billion US dollars to fall to 142 billion dollars in the next two days, the value of the composition of about 16.5% Etherium "is about 23.5% of its value.
Image Rights: Queen Mark Market
Image Rights: Queen Mark Market
The two-day decline in the value of the currencies will confirm the instability of the market. As TechCrunch points out, the 20% drop is equivalent to years of gains in the US equity market that investors have decided to pump into their market, losing it within 48 hours, which is sad!
Uncontrollable factors
Has rallied to recover its double-digit price over the past four months. A similar trend to recovery is recorded in the days leading up to the split of hard currencies.
What caused this decline? Due to several reasons, including China's decision to ban initial currency offers in the country (ICO), markets often suffer painful blows from government sanctions that are not limited to the markets of the currency pairs. As a result of this decision, money will be returned to finance to the owners, which will raise doubts about hovering over the fate of the famous blind currencies such as the formation and etherium.
The other factor may be the market's thinness, which is supported by the arrival of the formation to five thousand dollars, may be the decline of the currency resulted from the natural reaction, such as pulling a string and then leave it suddenly, it is noticeable that the mutations in the prices of composition followed by a decline in the price, That the currencies are recovering by judging the values reached on Tuesday 5 September, which rose from the day before it by 2.98% for the currency composition and 6.87% for the currency of etherium.
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@amelia2018 and make upvote
What are "blind currencies"? I've never heard that term before.
That's great thanks for the explanation
you're welcome.
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