Slipping Thin Bitcoin Stuck At IDR 157 Million

JAKARTA - The price of Bitcoin is still quite high at the level of US $ 10,772 or around Rp. 157 million. This figure decreased slightly from the opening of trading this morning.

Quoting the Coindesk page, at 16.38 WIB, the Bitcoin exchange rate was corrected negatively by 3.40 percent. Despite the decline, the Bitcoin price is still in the range of US $ 10,500.

"We still expect Bitcoin strengthening above 10,500 US dollars to last for more than 24 hours, before going bullish," said director of crypto liquidity trading, Neil Van Huis, Tuesday, July 28.

Apart from the strengthening of Bitcoin, this crytocurreny exchange rate is forcing the sale of tokens on the marketplace. Where the trading dynamics are focused on Ethereum or Bitcoin which is down 4 percent on the coinbase.

Meanwhile, the Ethereum price fell to the level of US $ 311 or was corrected negatively by 4.14 percent in the last 24 hours. Meanwhile, other cryptocurrencies, such as Litecoin and BitcoinCash, gained around 5.9 to 6.0 percent.

In January, the average fee on the Ethereum network was 0.000542 ETH. So far in July, the average cost on Ethereum stands at 0.003532 ETH, a 550 percent increase in the cost of making transactions on the second-largest blockchain by market cap, according to data aggregator Blockchair