Traditional economy and cryptocurrency market

On the one hand, there are more and more usage scenarios of cryptocurrency, on the other hand, cryptocurrency continues to appreciate. At this time, you can get a lot of benefits by choosing investment. During this period, many companies in Hong Kong stocks began to choose to invest in cryptocurrencies, such as changing reserve money funds into cryptocurrencies, or directly investing in or buying cryptocurrency trading platforms. Some professionals have analyzed that many people now choose to invest in cryptocurrency, on the one hand, because the virtual currency represented by Bitcoin is constantly appreciating, and now they can get good returns by investing in the future. Moreover, companies like Tesla have begun to invest in Bitcoin and even use Bitcoin as a trading currency, because Tesla believes that Bitcoin has an advantage over cash.

Moreover, compared with previous years, with the promotion of these big companies, there are more and more trading scenarios and opportunities for Bitcoin. Many listed companies choose to enter this field at this time in order to attract investors' attention and get higher stock prices. However, some media pointed out that in fact, except for some big companies, many small listed companies choose to enter the cryptocurrency market because of their poor performance.

Most companies are not optimistic about this field at all, just want to attract attention by the popularity of cryptocurrency, but in fact there is no actual progress in this field.

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Recently, Visa announced that it would allow encrypted digital currency USDT to settle transactions on its payment network, and PayPal announced that it would allow American consumers to use its encrypted digital currency to make payments at millions of online merchants around the world, which further expanded the application scenarios and usage requirements of Bitcoin.

After the bitcoin price briefly touched the $60,000 mark, it failed to continue its upward trend. On April 3, the price of Bitcoin once dropped from about 59,000 US dollars to about 56,000 US dollars, with a one-day drop of more than 3,000 US dollars and an intraday drop of 3.2%. As of 3 pm on April 6, the price of Bitcoin was reported at $58,863.