Still Weak, Bitcoin Reddens Again

JAKARTA - Bitcoin and cryptorurrency exchange rates are dynamic. After having turned green in the last trade, Bitcoin prices fell red in the last 24 hours.

Quoting Coindesk, at 16.49 WIB, the price of Bitcoin (BTC) fell to 9.1 US dollars per coin or corrected minus (-) 0.45 percent in the last 24 hours. Where at the opening of the market price, it was at 9.2 US dollars per coin.

"After receiving a short-term boost, cryptocurrency assets had peaked. However, this was corrected downward and became a price decline," said Constantin Kogan, cryptocurrency fund analyst BitBull Capital, Tuesday, July 14.

Kogan suspects that there has been resistance to cryptocurrency assets in recent days, thus pushing down the price quite sharply. Spot market exchanges such as Coinbase were still disrupted by fairly low trading volumes, during the month of July.

Market uncertainty also affects the performance of bitcoin miners. "Bitcoin's hash-rate has reached a new maximum. This demonstrates continued interest in cryptocurrency mining," he continued.

Ethereum (ETH) also experienced a decrease in the volume of cryptocurrency, in the previous trade the currency's value was corrected around 238 US dollars or 0.10 percent in the last 24 hours. The same thing was experienced by Bitcoin Cash (BCH) and Litecoin (LTC) with levels of decline from minus 2.97 to 3.15 percent.