Bitcoin price drops 16.68% from its all-time high.

Viva Budy Kusnandar 24/11/2021 11:40 WIB

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In 24-hour trading, the price of Bitcoin reached its highest level at US$68,990.9 per coin.

Bitcoin Price Movement (January 1 – November 24, 2021)

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Bitcoin Price Movement (January 1 – November 24, 2021)

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Several cryptocurrency prices have shown a downward trend in the last week. The Chinese government's policy to eradicate cryptocurrency mining and transactions in the country has caused prices to plummet, including the price of Bitcoin (BTC).

Quoting Coindesk, the price of BTC was traded at US$56,350.6 per coin on Thursday, November 24, 2021, until 9:45 WIB. This figure is down 0.64% compared to the previous day's closing. The figure is also down 7.19% in the last week.

Compared to its highest closing price of US$67,633.65 per coin, the price of BTC has even shrunk by 16.68%. However, compared to its position at the end of December 2020, the price of BTC still recorded an increase of 95.87% (year to date/ytd).

In 24-hour trading, the price of Bitcoin reached its highest level at US$68,990.9 per coin. However, the price of BTC also touched its lowest level this year at US$16,222 per coin.

Bitcoin is one of the cryptocurrencies with the largest market capitalization in the world, reaching Rp 15.19 quadrillion. The price of BTC is also one of the most expensive cryptocurrencies, at Rp 804 million per coin.

Editor : Annissa Mutia

"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."