Bitcoin Comeback Early Week Opens 9.2 US Dollars Per Coin

JAKARTA - Last weekend, there was a massive decline in digital currency or cryptocurrency. The Bitcoin (BTC) exchange rate was recorded at its lowest level, which is minus 0.59 percent per coin.

Quoting Coindesk, at 08.55 WIB, the Bitcoin exchange rate opened at 9 dollars per coin. This position was slightly corrected since the closing of the marketplace last week, at the level of -0.01 percent in the last 24 hours.

"Two days ago, the value of cryptocurrencies closed very flat. So it is not enough to return market momentum to higher numbers," said marketplace observer from ExoAlpha, Elie Le Rest, Monday, July 13.

According to him, in the next few days there will be changes in the market, even though the amplitude is still moving slightly. Where the trading momentum shows a range of 9 to 9.2 dollars per coin.

Meanwhile, the second largest currency in the Cryptocurrency range, Ethereum (ETH), experienced a slight increase after correcting 239 dollars per coin or 0.10 percent in the last 24 hours, on Friday, July 10. Ethereum's exchange rate has risen 84 percent since the start of 2020 and outperformed Bitcoin's 28 percent.

Previously according to market reports, Bitcoin reversal occurred in the correlation between gold and strengthening shares on Wall Street. Since the close of trading yesterday, Friday, July 10, the price of gold was at the level of 1,808.47 US dollars per troy ounce.

The rupiah exchange rate in the marketplace also closed lower this weekend trading. On Friday, July 10, the rupiah closed down 0.28 percent or 40 points to a level of Rp14,435 per US dollar.