Once Healthy, Bitcoin Slipped Back

JAKARTA – The Bitcoin price hike has received a positive response from investors in the last few days. However this afternoon, cryptocurrency it slipped slightly at the close of trading.

Quoting Coindesk, at 17.55 WIB, the Bitcoin (BTC) exchange rate was corrected negatively by 0.09 percent in the last 24 hours. Meanwhile, the price of Bitcoin for the Indonesian market was still stagnant at the level of Rp136.68 million per coin.

Bitcoin market today (screenshot Coindesk)

Based on the market index cryptocurrency traded today, Bitcoin is stuck in the range of 9,371 US dollars per coin. With the last 10-day moving average at the level of 9,149 US dollars.

“Bitcoin is starting to wake up and bounce back on the market, with the figure strengthening at the level of $ 9,600,” said Rupert Douglas, head of institutional sales at London-based crypto brokerage Koine.

With the global equities trend also showing strengthening, the price range cryptocurrency positive. “Bitcoin appears to be quite correlated with equity at the moment,” he added.

The Ethereum-powered decentralized exchange Curve Finance (DEX) saw huge growth in volume this past week. Curve, with a volume of 70 million US dollars over the past 24 hours, has overtaken the DEX leader Uniswap at a time when decentralized finance (DeFi) heats up.

The English and Chinese versions are automatically generated by the system. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)

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