Slowly But Sure The Bitcoin Price Is Healing Back

JAKARTA - Incidents of hacking of dozens of Twitter accounts belonging to important figures for spamming Bitcoin. As a result, the exchange rate of Bitcoin and other cryptocurrencies has slipped quite badly in the last few days.

Quoting Coindesk, at 16.27 WIB, the price of Bitcoin recovered in the range of US $ 9.1 per coin or Rp136 million and corrected 0.05 percent in the last 24 hours. This became the highest score after the hacking and spamming action on Twitter.

"We are still seeing a lot of interest and building momentum for derivatives and hope this will continue for some time, especially in those based on market price movements," said Rupert Douglas, head of business development and institutional sales at London brokerage Koine, Monday, July 20. .

According to him, the price of Bitcoin and other cryptocurrencies will still be stuck in the range of 9,000 to 9,5000 US dollars. On the other hand, the hacking of a number of accounts belonging to famous figures on Twitter by spamming Bitcoin has clearly brought the marketplace to a halt.

"The fact that bitcoin is not moving because of the Twitter hack suggests the cryptocurrency price is stuck in a range of 9,100 - 9,200 US dollars," he added.

The derivative factor of cryptocurrency value is also weighing on the market, with no new blockchain unveiling in recent weeks. Meanwhile, the Ethereum (ETH) exchange rate has increased positively since the close of trading yesterday, around 233 US dollars, or corrected 0.33 percent in the last 24 hours.

This week, the Ethereum network experienced the most transactions in more than two and a half years. As of Monday, total transactions totaled 1,151,834, the first time it has been that high since January 18, 2018, according to data from aggregator Etherscan.