Bitcoin's price has fallen 35.5% from its all-time high.

Bitcoin (BTC) prices continue to show a downward trend after reaching their peak in November 2021. According to Coindesk data, the price of Bitcoin was traded at US$43,569.8 per coin, or equivalent to Rp 625.92 million per coin (using an exchange rate of Rp 14,366 per US$), in Friday's trading, February 11, 2022, until 7:15 WIB.

This means the Bitcoin price fell by 1.46% in the last 24 hours. Compared to the closing price a week earlier, the price of this cryptocurrency, which has the largest market capitalization, still recorded a 16.8% increase.

However, compared to its position on December 31, 2021, the price of Bitcoin has fallen by 7.55% (year to date/YTD). This means that throughout this year, investors who invested their funds in this cryptocurrency have experienced a loss of 7.55%.

Similarly, compared to its highest ever price achieved on November 9, 2011, at US$67.55 million per coin, the price of BTC has shrunk by more than 35.5%.

The golden age of cryptocurrency in November last year has faded. The world's central banks, which reject the use of Bitcoin as a replacement for conventional currency, caused the rise of BTC to stall at the end of last year.

Investor anxieties about the US Federal Reserve (The Fed) tightening monetary policy faster than previously anticipated are pushing the Bitcoin price further away from its all-time high.