Down again, bitcoin has a three year biggest single month decline

According to the Wall Street journal, according to data from industry research website Coindesk, bitcoin prices fell nearly 30% in January, creating the largest single month decline in three years. On Wednesday, bitcoin fell below $10 thousand, hit a 2 month low, compared to mid December last year, nearly $20 thousand high cut.

Even by the standard of bitcoin, such a monthly performance is also noteworthy. While bitcoin has fallen over 1/4 in a day, that slump is usually temporary. The last bitcoin slumped more than 30% in a single month, or in January 2015.

At the moment, the latest trading price of bitcoin hovered around $10 thousand, and fell to $9627 at an early time. Although there are many factors that have led to the fall of bitcoin, the tightening of supervision over the world is undoubtedly an important cause of the tumbling of the bitcoin and the encrypted currency market.

The U. S. securities and Exchange Commission announced a stop of $600 million in investment on Tuesday, one of the biggest U.S. interventions. Facebook said on Tuesday that it would stop advertising all the encrypted currency and initial coin products on its platform. The social media company said it hopes to eliminate the promotion of "misleading or deceptive financial products and services". In Asia, the Chinese government has taken measures to restrict the mining of bitcoin. Japan has shown a good position in encrypting money, but was attacked by a hacker last week. At the same time, South Korea also issued new regulations to quell the red hot bitcoin market.