Bitcoin has fallen by 20% from its high of $58,000

 Bitcoin prices have fallen in the past few days, retreating from recent historical highs, and have fallen by nearly 25% within 48 hours.

According to relevant data, this morning, the world's most outstanding digital currency fell to $44,964.49.

After falling to a recent low, Bitcoin rebounded and returned to $50,000, and has since been trading between that price level and $46,000.

An article on Bitcoin's latest downtrend called it a "crash."

However, some market analysts took a different view, saying that Bitcoin's latest retracement is completely natural.

Jason Lau, chief operating officer of cryptocurrency exchange OKCoin, said: "From a weekly perspective, this is the first time Bitcoin has appeared in red in a month."

Bitcoin market value reaches 1 trillion U.S. dollars

Bitcoin market value reaches 1 trillion U.S. dollars, chip maker Nvidia announces that it will produce mining machines.

 Inflation worries, institutional support, big-name stances...Multiple factors have made cryptocurrencies more and more popular.

Today, Bitcoin price is sent to US$53,000 on multiple exchanges, bringing the market value of the entire Bitcoin market to nearly US$1 trillion.

At the same time, news of the "mining" market has continued, and well-known companies and market players have rolled up their sleeves and announced their end. On February 18th, GPU manufacturer Nvidia announced that it has launched a processor CMP dedicated to mining ether, which is expected to meet the expected ROI (return on investment) of "miners". On February 19, Macau casino tycoon Zhou Zhuohua also entered the market publicly, and Sun International, a Hong Kong-listed company, is planning to purchase 1,000 cryptocurrency mining machines.

Bitcoin market value is close to $1 trillion

As of 7:30 pm on February 19th, Beijing time, according to the statistics of Bloomberg Terminal, the market cap of Bitcoin has reached 980 billion U.S. dollars. This news further stimulated the market volume, and the frenzied trading pushed up the price of Bitcoin. On Bitflyer, Bitstamp, ItBit, B2C2, Coinbase, Bitfinex, Kraken, EXMO and other exchanges, the price of Bitcoin is heading toward $53,000.

This skyrocketing market value means that Bitcoin, a financial product that was originally regarded as an "alternative investment", is better than most listed companies due to the innumerable number of corporate financial officers, fund helms, and risk-preferred investors. Both are more "attractive." According to statistics, there are only five listed companies with a market value of more than US$1 trillion, including Apple, Saudi Aramco, Microsoft, Amazon, and Google. The market value of Bitcoin is larger than that of Tencent and Facebook. The market value of the two is now 7.11 trillion Hong Kong dollars and 767.1 billion US dollars.