Bittime - Bitcoin pricehas risen again in the last 24 hours. Yesterday, Bitcoin reached its highest point in the past month at $67,400 (around Rp. 1.07 billion). On the other hand, Ethereum is finally catching up.
Ethereum managed to reach this figure after several failures to break through the $3,000 mark (around Rp. 47 million), Ethereum finally surpassed that limit and reached $3,100 (around Rp. 49 million) yesterday.
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Bitcoin Hits 5-Week Peak
Source: Bittime
Bitcoin slumped in early May until it touched its lowest price in recent months below $57,000 (around Rp. 909 million). Prices began to recover the following week and surged to above $65,000 (around IDR 1.03 billion) on May 6. However, it soon fell again to below $61,000 (around Rp. 973 million) on May 10.
Also read: Ethereum Price Problem: Is Ethereum Price Recovery in Danger?
Optimistic investors managed to halt the price decline and stabilize Bitcoin prices last weekend. Last Monday, prices rose again to around $63,000 (around Rp. 1 billion).
A price correction occurred last Tuesday to $61,200 (around Rp. 977 million). However, the announcement of a reduction in the US inflation rate last Wednesday made crypto prices soar.
Also Read How to Buy Crypto:
Within hours, the price of Bitcoin rose sharply to above $66,000. Even though it has fallen slightly again, Bitcoin is currently still trading at around $67,000.
Bitcoin's market capitalization has now reached $1.320 trillion (around Rp. 21,137 trillion), but its dominance over altcoins has fallen slightly to 51.6%.
Also read: Bitcoin (BTC) Halving: Transaction Fees Increase to 1,200 BTC
Ethereum Surpasses $3,100
Ethereum, which previously lagged behind Bitcoin, finally managed to surpass $3,000 (around IDR 47 million) yesterday for the first time in more than a week. Previously, Ethereum had difficulty passing this figure.
Other altcoins with larger market capitalizations also experienced price increases of around 1-2%. In contrast, Toncoin and NEAR saw declines of more than 3% and 4% respectively.
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The total market capitalization of cryptocurrencies increased by around $20 billion (around Rp. 291 trillion) overnight to $2.560 trillion (around Rp. 37,240 trillion).
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
The Relationship Between Bitcoin (BTC) and Macroeconomic Improvement
Bitcoin (BTC) Price Rises Again Today
Ethereum (ETH) vs Solana (SOL): Price Comparison of ETH/IDR and SOL/IDR
Ethereum (ETH) Price Returns to Recovery
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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