Bitcoin Price Today Drops Nearly 6.5 Percent

Rancakmedia.com – Bit by bit the price of bitcoin today fell by more than 6 percent in the previous 24 hours.

Previously, Bitcoin had reached its all-time high at U$66,930 or more than IDR 952 million last week, October 20, 2021, with the dollar exchange rate against IDR 14,200.

This came soon after the formation of the first bitcoin-based ETF futures market in the US.

Unfortunately, Bitcoin fell sharply a week later today, Wednesday, October 27 2021. Today's Bitcoin price fell to U$58.151 or around Rp. 827 million.

A decrease of around IDR 125 million in a week opens opportunities for these cryptocurrency lovers to invest long term, not short term.

Bitcoin's decline is assumed to be due to a sell-off by Bitcoin owners due to Bitcoin's rise in the ETF market last week. The emergence of Bitcoin breaking all-time highs is of great interest to Bitcoin owners. Bitcoin Price Drops Nearly 6.5 Percent

Bitcoins the previous all-time high was penetrated in April 2021 for $64,895.22 or more than IDR 916 million. The world's oldest cryptocurrency is on the decline and is expected to trigger panic selling for other Bitcoin investors.

Even though this cryptocurrency is a long-term investment, it is not a short-term investment that sells at high prices.

However, this Bitcoin price drop might also attract other investors who take advantage of the Bitcoin price drop. Unmitigated, Bitcoin dominates the cryptocurrency market by 44.85 percent today.

Bitcoin trading volume in the previous 24 hours reached U$44.078.858.980 or more than IDR 627 billion. There have been dips following Bitcoin's all-time rise, which happen almost every time. These cryptocurrencies tend to vary even though they are more stable compared to other cryptocurrencies.

Some experts predict the all-time high of Bitcoin will rise again before 2021 ends. The price of Bitcoin today has decreased so that 1 Bitcoin for 2021 is between Rp. 827 million and Rp. 842 million.

So, is it the right move to sell Bitcoin now or is it the right time to get hold of this cryptocurrency when the price of Bitcoin drops? You as an investor have the right to check and judge for yourself before making an autonomous judgment about investing in cryptocurrencies.

Conclusion Regarding Bitcoin Price Dropping Nearly 6.5 Percent:

Today's Bitcoin price fell to U$58.151 or around Rp. 827 million. Previously, Bitcoin had reached an all-time high Bitcoin at U$66.930 or more than IDR 952 million last week, October 20, 2021. A decrease of around IDR 125 million within a week opened opportunities for these cryptocurrency lovers to invest long term. , not short term.

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