Bitcoin Price Breaks US$68,000 on Tuesday, November 9, 2021

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Dwi Hadya Jayani 09/11/2021 14:30 WIB

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The Bitcoin price opened at US$67,380.91 per coin. Its value has surged, even reaching US$68,530.34 per coin this afternoon.

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The price of Bitcoin was recorded at US$68,088 per unit as of Tuesday, November 9, 2021, at 2:15 PM WIB. According to Yahoo Finance data, the price of this cryptocurrency opened at US$67,380.91 per unit.

Its price surged further throughout the day, even reaching a record high of US$68,530.34 per unit.

According to Coindesk, the price of Bitcoin increased by 7.85% compared to the previous week. The average number of transactions reached 272,800 over the past week, with the highest number of transactions at 297,400 on November 2, 2021, and the lowest at 226,100 on November 7, 2021.

The rise in cryptocurrency equity is due to central banks in Europe and the United States not rushing to raise interest rates. Although there are plans to ease monetary policy stimulus, market players generally view low interest rates as supportive of assets considered risky.

Furthermore, Bitcoin is widely perceived by many investors as a valuable asset store, similar to gold, especially amid concerns about rising inflation.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."