Bitcoin Hits Highest Price in a Year

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Nazmi Haddyat Tamara 28/05/2019 10:43 WIB

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Bitcoin's price hit US$8,800, its highest since late May 2018.

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Bitcoin Price Movement (May 2018-2019)

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The price of the digital currency Bitcoin has strengthened again and successfully breached US$8,800 per coin, or approximately Rp126 million at an exchange rate of Rp14,300 per US dollar. This Bitcoin price is the highest this year, even the highest level in the last year.

In early May 2018, the price of Bitcoin reached US$9,000, but after that, the price trend of this digital currency continued to decline until it reached US$3,300 per coin in mid-December 2018. Since the beginning of the year, Bitcoin has increased by 130%, or 167% if calculated from the lowest price in December 2018.

The strengthening of this digital currency is driven by a series of issues indicating that large companies will use digital currency in their transactions. As reported by Bloomberg, an American telecommunications company, AT&T Inc., stated that it will allow customers to pay their bills with Bitcoin.

(Read Databoks: [Investors in Bitcoin Still Lost 55% This Year])

Editor : Hari Widowati

"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."