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The collapse of bitcoin triggered the "great crash" of the entire virtual currency, with countless accounts exploding. Over the past 24 hours, Bitcoin cash, EOS and Bitcoin SV have all dropped more than 20%. More than 20 virtual currencies, including ethereum, rybo, litecoin and Ann, all fell by more than 10%.

Similarly, affected by this wave of diving, the contract battlefield suffered serious damage. According to data from coin, 920 million USDT (about 6.65 billion yuan) explosive warehouse orders were added to the whole network in the past 24 hours, among which 6.34 million bitcoin explosive warehouse orders were added, about 72,000 BTC.

Many in the industry attributed the fall to the launch of bitcoin futures the day before.

The parent company of the New York stock exchange, the intercontinental exchange (92.87, 0.03, 0.03%) on September 23, launched by physical delivery of currency Bakkt futures contracts, is seen as "making a years significant positive" one, but since officially opened Bakkt COINS its currency trading, on the first day of trading 71 currency futures, disappointment, failed to attract a large number of money comes into play.

In addition, some analysts told jiemian that as the us social networking company Facebook(179.71, -1.57, -0.87%) prepares to launch the libra coin, bitcoin has really lost some of its edge as the more traditional cryptocurrency.

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