Trading Closure, Bitcoin Cs Is Still Red

Illustration of digital money or bitcoin (Image by MichaelWuensch from Pixabay)

JAKARTA - There was a downward trend in Bitcoin prices to their lowest level on the marketplace today. The rupiah exchange rate against Bitcoin also dropped by a range of minus (-) 0.59 percent per coin.

According to the Coindesk report, at 16.25 WIB, the Bitcoin (BTC) exchange rate was corrected quite low with trading volume of around 4.4 percent since June. Even though in the same month, Bitcoin price was correlated quite low at its lowest point below 1 percent or -0.49 percent.

Unfortunately, the price of Bitcoin against the rupiah has been observed to be stagnant and tends to weaken. Even though it had recorded an increase in yesterday's trade, the Bitcoin exchange rate was at IDR 132 million per coin in the last 24 hours.

Digital currency decline index (coindesk)

Also experienced a decrease in the trading volume of cryptocurrencies, Ethereum (ETH), Litecoin (LTC) and the majority of other digital currencies. The decline rate occurred from -2.24 percent to the highest -7.7 percent in the last 24 hours.

According to market reports, the Bitcoin reversal took place in the correlation of gold and strengthening shares on Wall Street. Since the close of trading yesterday, Thursday, July 9, 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.