Bitcoin Price Plummets to US$37,000 per Coin

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Andrea Lidwina 20/05/2021 16:10 WIB

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The price of the Bitcoin cryptocurrency has continued to fall since last week. In fact, its value plummeted to US$37,002 per coin on Wednesday, May 19, 2021.

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Bitcoin Digital Currency Price

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The price of the digital currency Bitcoin has been declining since last week. Its value even plummeted to US$37,002 per coin on Wednesday, May 19, 2021.

According to *The Associated Press*, the drop in Bitcoin's price is partly due to a warning from the China Banking Association (CBA) advising financial institutions in China not to provide services for digital currencies. This is because digital currencies are considered highly volatile.

Furthermore, Tesla CEO Elon Musk announced that his company will stop accepting Bitcoin as a form of payment. This is because the mining of this digital currency has the potential to cause environmental damage.

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."