Home Berita Crypto Bad news! Bitcoin Price Drops Again, Now It's Down 35 Percent!

Bad news! Bitcoin Price Drops Again, Now It's Down 35 Percent!

sugan 3 tahun lalu
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btc%20turun

cryptocurrency ( Cryptocurrencies ) are experiencing a significant decline, including Bitcoin .

As we know, Bitcoin ( BTC ) is the most popular cryptocurrency and is ranked first in the cryptocurrency trading market.

Recent reports say that the price Bitcoin has fallen again from its previous record.

Last week, Bitcoin price hit a record low compared to the decline that occurred in December 2020.

It was noted that the price of Bitcoin fell by about 12 percent and was at the market price of 23,981 USD, equivalent to Rp. 353 million.

And for now, the price of Butcoin has fallen quite far from what happened last week.

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Judging from a number of cryptocurrency listings, the price of Bitcoin plummeted and fell by 35 percent in the past week.

It is noted that the price of Bitcoin is already at Rp. 200 million.

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Ethereum Price Drops Too

currency crypto , Ethereum (ETH).

Ethereum has also experienced a significant price drop, where the Ethereum price is currently at 897 USD (Rp 13,671,177)

So what else made the price of Bitcoin plummet to 35 percent? 

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Inflation in the United States

Quoted from Kompas which launched from Bloomberg, Sunday (19/6), it was reported that the price of Bitcoin fell due to inflation in the United States.

In May 2020, inflation in the United States is said to have reached 8.6 percent.

This incident is also said to be the highest inflation that has occurred in Uncle Sam's country since 1981.

This also prompted the US central bank, The Fed, to increase its benchmark interest rate.

As a result, the spike in interest rates to 1.5 percent made many investors decide to sell crypto .

These investors are predicted to prefer to invest in assets that are clearer than cryptocurrencies .

And from this action, the Bitcoin price plummeted. 

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