Bitcoin Price Today Decreased Nearly 6,5 Percent

Lovata Andrean

Bitcoin Price Today Decreased Nearly 65 Percent
Bitcoin Price Today Decreased Nearly 65 Percent

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

Previously, Bitcoin had reached Bitcoin's all-time high of U$66.930 or more than IDR 952 million last week, October 20 2021, with a dollar exchange rate of IDR 14.200.

This happened soon after the creation 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.

The decline of around IDR 125 million in a week opens up opportunities for 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 very exciting for Bitcoin owners. Bitcoin Price Declines Nearly 6,5 Percent

Bitcoin The previous all-time high was broken in April 2021 for $64.895,22 or more than IDR 916 million. The world's oldest cryptocurrency is experiencing a decline and is expected to trigger panic selling for other Bitcoin investors.

Although these cryptocurrencies are long-term investments, they are not short-term investments that sell when prices are high.

However, this drop in Bitcoin prices may also attract other investors who take advantage of the drop in Bitcoin prices. Unmitigated, Bitcoin controls 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 are dips following Bitcoin's all-time rise, which happens almost all the time. This cryptocurrency tends to vary even though it is more stable compared to other cryptocurrencies.

Some experts predict Bitcoin's all-time high will rise again before 2021 ends. Today's Bitcoin price 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 this cryptocurrency when the Bitcoin price drops? You as an investor have the right to check and judge for yourself before making an autonomous judgment about cryptocurrency investments.

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 Bitcoin's all-time high of U$66.930 or more than IDR 952 million last week, October 20 2021. A decline of around IDR 125 million within a week opens up opportunities for lovers of this cryptocurrency to invest long term. , not short term.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks