Break through the price of Bitcoin this morning Rp. 852 million. That figure was up 5.93%, with volume traded in the last 24 hours to $64.26 billion.
As soon as it was taken from coindesk.com, Thursday (18 March 2022). Bitcoin’s movement is back strong today with a market cap of $1.1 trillion.
As you can see from the chart, the Bitcoin price movement has been fairly constant and has gotten more intense over the last one day or so. In one week, it moved between $53,701 and $61,519.
Break through the price of Bitcoin this morning Rp. 852 million. As in the first year, strengthening Bitcoin price really mean. Its movement ranged between $5,362 and $61,556, hitting a life high.
It is well known, Bitcoin as a cryptocurrency was the first time to successfully write business transactions on a blockchain-based network. This crypto is the safest and most traded.
Bitcoin was originally issued in early 2009 by its creator Satoshi Nakamoto. Bitcoin is the largest cryptocurrency in terms of market capitalization and the amount of data stored on the blockchain.
The increase was spurred by the company’s interest in using cryptocurrency as a means of payment. Call it Tesla’s electric car manufacturer for electronic payment mechanisms such as Mastercard, Square (SQ) and PayPal (PYPL).
Another factor is the pouring of the US government’s stimulus for the people due to the Covid-19 outbreak. Opportunity, stimulus will move the channel of foreign capital to financial markets and increase cryptocurrency.
In fact, bitcoin specifically has won over cryptocurrencies since the Covid-19 outbreak. Last year the increase reached 600%. This spurred betting on the investor pool, dividing them into two teams, whether it was just a bubble event or whether there could be a bigger upside tomorrow.
“Bitcoin’s rise comes as the US, together with MicroStrategy and Meitu, which bought some of the Bitcoin moves, set out on a stimulus package,” said Annabelle Huang of crypto financial services firm Amber Group.
He saw that the interest of institutions around the world for betting in cryptocurrencies is really growing. In China itself, some wealthy people are bold enough to add Bitcoin instruments to their portfolios.
This shows that digital tokens are a new trend and are approaching special financial instruments, he said.
It has been found that companies with growing assets such as JPMorgan Chase and Co. start issuing baskets of crypto stocks like MicroStrategy Inc. and Nvidia Corp. already asked.
Not only that, Goldman Sachs Group Inc. witnessed a significant desire from institutions to start trading cryptocurrencies.
