What caused the collective collapse of the currency circle and the explosion of 220 thousand people?

Group B collapsed and 220,000 people broke positions, because the popularity of virtual currency has really dropped. Due to the requirements of financial market supervision, it will decline. Now the popularity is too high, which affects the normal changes in the financial market. Governments all over the world are gradually introducing some policies to restrict virtual currency.

In the eyes of many people who don't know much about virtual currency, virtual currency is a good investment with great uncertainty. However, because of the rapid change of momentum recently, many people have only heard the story of virtual currency investors eating meat and never heard the story of being beaten in the face. Because everyone's impression has always been virtual currency, the price has doubled in just half a year, which is a good investment opportunity, but it has actually been nearly half a month or nearly a month.

Because governments all over the world are gradually strengthening the management proportion of virtual currency, for example, the European Central Bank has put forward a regulatory policy on virtual currency, requiring corresponding financial institutions and banks to strengthen the supervision of this thing, while China has put forward stricter requirements, requiring financial institutions not to provide payment options for virtual currency transactions, and mobile platforms that further restrict these payments, such as WeChat Alipay, will be gradually restricted to reduce the investment enthusiasm of virtual currency in the market.

Because there are really too many scams involved in virtual currency, if you really buy a virtual currency on a regular platform, it may only be affected by rapid price fluctuations, and the price may rise rapidly. If you make money, you will lose money if you rise fast or fall quickly. However, due to the increasing popularity of virtual currency, the number of fraud schemes about virtual currency in China has increased by more than 12 times, which has affected the normal financial market order.