Bitcoin Weakens to US$50,000-55,000 per Coin Over the Past Week

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Andrea Lidwina 29/04/2021 13:00 WIB

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The price of the Bitcoin cryptocurrency weakened to the US$50,000-55,000 range per coin at the end of April 2021. Its value was recorded at US$54,825 per coin on Wednesday, April 28, 2021.

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The price of the digital currency Bitcoin weakened to the US$50,000-55,000 range per coin at the end of April 2021. Its value was recorded at US$54,825 per coin on Wednesday, April 28, 2021. This is despite Bitcoin having reached over US$63,000 mid-month.

However, Bitcoin's price is not expected to plummet as it did in 2017-2018. This is because the blockchain system supporting the digital currency trade is now more mature.

Bitcoin is also widely held by institutional investors. Furthermore, the use of Bitcoin has become more widespread in society.

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."