Bitcoin price continues to fall, returns to the level of US$59,490 per chip
The price of the compact crypto is inflamed the last few days. Bitcoin is no exception, the digital currency with the largest market capitalization, which has returned to levels below US$60 thousand per chip.
Launching coinmarketcap.com, Wednesday (17/11), bitcoin is currently trading at the level of US$59,490 per chip. Bitcoin recorded a decline of 4.73 percent in the last 24 hours or 10.80 percent in the past week.
In fact, bitcoin had broken its new record at the level of US $ 68,789 per chip, which was on November 10, 2021.
Overall, the Return on Investment (RoI) of bitcoin since this crypto coin was launched to date has reached 43,820 percent.
In addition to bitcoin, other cryptocurrencies are also recorded in freefall. Among other things, ethereum tumbled 6.46 percent overnight to $4,171 per chip. In the past week, ethereum lost 11.71 percent.
Similar to bitcoin, ethereum also posted the most expensive price on November 10, 2021 at the position of US $ 4,859 per coin. With RoI, 146,000 percent since its initial launch.
Then, binance coin fell 9.19 percent to the position of US $ 565.13 per chip. Binance has fallen 11.73 percent in the past week.
Currently, crypto assets are regulated by the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade through CoFTRA Regulation Number 8 of 2021 concerning Guidelines for Trading Physical Markets of Crypto Assets (Crypto Assets) on the Futures Exchange.
For information, in Indonesia, crypto assets are still prohibited as a means of payment.
However, crypto is a commodity futures exchange, so it doesn't matter as long as it is used as an investment or as a commodity traded by market participants.
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