The bitcoin price is soaring.
It’s about to go above $1,000.
What’s going on?
And how can we know what’s going to happen?
The answer lies in the global financial markets.
And it’s about time.
Here’s what you need to know about what’s happening in the world of finance, and why it matters.
The bitcoin bubble has burst The value of bitcoin, which is a digital currency, has surged to record highs.
The value peaked at $1.0810 US in August, according to CoinDesk, before peaking at around $1US in January.
But that’s not all.
Since then, it’s been on a downward trend.
In the past two weeks, bitcoin has slumped by a third, according the CoinDesk tracker.
Bitcoin’s market capitalisation is $5.7bn, according a CoinDesk estimate.
It is now worth just $1 US, which puts it at a level of about 15% below where it was in February, according an estimate by Bloomberg.
In other words, it is now well below the $1 trillion mark.
It was $1TB in February but is now about $1AUD.
And bitcoin’s price has fallen by almost 60% since the beginning of the year, according Bloomberg’s estimate.
The currency boom is not all about bitcoin The boom in bitcoin is not about the virtual currency.
The real reason for the surge in bitcoin prices is a global financial system which is now under strain.
China has shut down most of its big trading platforms in an attempt to protect its economy from the currency crash.
This has also prompted a massive rise in other cryptocurrencies, such as ethereum, which have surged to new heights.
The global financial systems that underpin cryptocurrencies, including gold and the dollar, are now suffering as the value of their assets has fallen sharply.
Bitcoin has also hit record highs as a result.
That’s because it’s a new form of payment, which means it has an added layer of protection.
But the bitcoin bubble could also be about the Chinese central bank’s crackdown on money laundering, according as the Chinese government has recently said it wants to crack down on virtual currencies.
China’s central bank has said it is ready to crack the virtual currencies, but it’s unclear if it will succeed The central bank of China has recently stated it is “ready to crack virtual currencies”.
The statement comes as the country has launched a crackdown on financial criminals, but its move has been met with criticism from many quarters.
The central government has said the crackdown is to protect the country’s financial system, and it is likely to succeed, but analysts are sceptical.
“I think China’s stance on virtual currency is quite unclear, because it is also trying to curb the growth of money laundering and money laundering schemes.
But it is still very difficult to be sure of that,” said James Surowiecki, the co-founder of the global investment bank CB Insights.
“But at the same time, it does appear to be a very, very big push to curb financial crime in the country.”
The central banking officials claim that virtual currencies are a way to evade tax, while their value has soared.
This is partly because they are anonymous, so it’s hard to track them.
“They do not have a way of tracking where they come from.
It also does not take into account the fact that they are digital, so they are more easily traded for cash,” Surowiacki said.
However, we do not know if they will be successful in cracking bitcoin and if they have the capacity to crack it, or if they are just too scared of the currency to try,” he said.
The US is the biggest bitcoin buyer China is the world’s biggest bitcoin consumer, with more than $US20bn worth of bitcoin trades each day.
It accounts for almost a third of the total market value of all bitcoin trades in the United States, according data compiled by the Coin Market Cap tracker, which monitors the total value of cryptocurrency exchanges.
China is a huge buyer, too, buying more than a third (31%) of all transactions in China, according CoinMarketCap data.
This compares to the US at less than 5%.
China is also the world leader in the use of cryptocurrencies, and its influence has spread to other countries.
It has also been a big player in the financial markets, as it controls about 70% of all global derivatives trading.
What happens next for bitcoin?
Will China’s crackdown hurt the value?
Will the Chinese market collapse, which has happened recently, be a temporary blip?
Or will it accelerate as it becomes increasingly difficult for financial institutions to deal with bitcoin?
If you are worried about the risks of bitcoin in