Already up 120%, Bitcoin is now priced at Rp 118.22 million/coin
Already up 120%, Bitcoin is now priced at Rp 118.22 million/coin
The price hike of Bitcoin mash lasts. It has even touched the US $8,000 per coin, up to double the price of the Bitcoin earlier this year.
According to CoinDesk data, Bitcoin had touched the price of US $8.325 per coin or equivalent Rp 118.22 million (assuming US $1 = Rp 14,200). Since the beginning of the year Bitcoin price has climbed more than 120%. Even though the price of Bitcoin today hasn't touched the highest price of all time US $20,000 per coin by the end of 2017.
Bitcoin
We can see that Bitcoin's bid lately coincided with the weakening yuan of the US dollar, he said by email as quoted from CNBC International, Tuesday (14/5/2019).
Negative news no longer has a negative impact, Iqbal V. Gandham, Managing Director of eToro, a cryptocurrency trading company.
Iqbal Gandham added the rumors of Fidelity Investments, one of the world's largest asset managers, will soon start trading cryptocurrencies for institutional customers as well as having a positive impact on prices.
Meanwhile, digital currency critic David Gerard considers a recent increase in Bitcoin that investors who hold digital currency holders in large quantities are suppressing short-term traders.
In a blog post, Gerard mentions the investor as the pope who buys in the market while placing a sell position. The actions the investors ' whale ' take invites traders to buy Bitcoin so that the price of the high nail and then the investor ' Whale ' sells Bitcoin.
The price of the most popular digital currency, Bitcoin is returning to the wild in line with increased transactions. Even the price of Bitcoin had touched the US $8,000 per coin although it is now falling back.
The highest price of Bitcoin today is the US $8.131 per coin or up almost 17% in a day. This became the highest Bitcoin price in the last 10 months. This price reinforcement is also continuing the rally that has happened the last week.
This price increase made the market capitalization of Bitcoin re-jumped to the US $139,72 billion. Bitcoin price increases are also followed by other cryptocurrency price increases.
Some analysts declare the price rally of Bitcoin due to a volume II trade war between the United States and China. But it is too early to declare Bitcoin as a safe haven asset, the analyst said as quoted from CNBC International, Tuesday (14/5/2019).
David Thomas, cryptocurrency Broker from London GlobalBlock said the price of Bitcoin that succeeded in penetrating the US $6,000 in the last week has attracted investor interest to return in.
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