JAKARTA - The price of Bitcoin reached its highest level throughout 2020. With a price range of 11,037 US dollars, or around Rp.161 million per coin.
Quoting the Coindesk market index, at 4:44 p.m., the Bitcoin (BTC) exchange rate had corrected positive 1.97 percent in the last 24 hours. The last time Bitcoin price soared was in August 2019.
"Bitcoin has pushed convincingly not only through the psychological resistance of US $ 10,000, but also the key level nearing US $ 10,055," said Katie Stockton, market analyst at Fairlead Strategies, Wednesday, July 29.
Even though it managed to break the highest number, Katie was quite doubtful that the price of this oldest cryptocurrency could exceed 11,000 US dollars.
"There are some signs of rising fatigue on this push higher, so we will definitely wait for confirmation of a break before adding exposure to bitcoin. This will occur at consecutive weekly closes above US $ 10,055," he added.
Not only Bitcoin, the second largest cryptocurrency such as Ethereum (ETH) is also still strengthening by around US $ 318, after slipping 1.5 percent in the last 24 hours at the close of trading yesterday.
However, Ethereum's dominance in the cryptocurrency market is still correcting quite high, around 12 percent and making it at its highest point throughout 2020. Although based on market analysis, the overall percentage of cryptocurrencies is still relatively stable against the currency market.
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