JAKARTA – The price of Bitcoin opened mighty at the opening marketplace today. The Bitcoin (BTC) exchange rate reached 10,048 US dollars or around Rp.146 million per coin.
Launching a market index Coindesk, at 08.57 WIB, the price of Bitcoin rose to 10.135 US dollars or had a positive correction of 0.71 percent in the last 24 hours.
“The DeFi-led surge in Ethereum tokens, as cryptocurrency the second largest, seems to have ventured into the Bitcoin market, “said John Ng Pangilinan of Singapore-based Signum Capital, Monday, July 27.
The upward trend in prices was also followed by Ethereum (ETH), which rose to its highest level for 13 months at 319 US dollars per coin, at the close of the market last week. Now the exchange rate cryptocurrency trades currently corrected 9 percent higher in the last 24 hours.
Bitcoin market index (screenshot of Coindesk)
Token, which strengthens blockchain Ethereum, has gained 140 percent this year, leaving Bitcoin behind, up 40 percent on a year-to-date basis, well behind. With the increase in the price of Bitcoin, the present value cryptocurrency it managed to beat gold which has traded around 1,920 US dollars since 2011.
A massive injection of liquidity by the US Federal Reserve and negative yields on inflation-adjusted US bonds appears to have driven up gold, an inflation hedge. Meanwhile Bitcoin continues to attract the highest bidder from safe heaven in the last two months.
This makes the price of Bitcoin and a number cryptocurrency stuck at around 9 US dollars. Some investors expect Bitcoin to chart a stronger advance in the near term.
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