Bitcoin Prices Back Free Falls
The cryptocurrency market is swaying again. On Friday, for the first time since November 2017, the value of bitcoin fell below 8,000 US dollars or about Rp 107.6 million per chip. The virtual currency has dropped 12 percent in 24 hours. At the same time, other cryptocurrencies such as ethereum, litecoin, and ripple also experienced double-digit declines of up to 18 percent. A decrease in a number of virtual currencies at the same time suggests a collective problem in cryptocurrency, not an individual inverse matter of virtual currency. Beginning in 2018 is indeed a tough start for bitcoin due to strict rules of some countries. As China is taking a firm step on the exchange of bitcoin. Bamboo Curtain also overseas bans for bitcoin-related company executives. Similarly, South Korea is planning to crack down on cryptocurrency owners who use it for illegal transactions, as KompasTekno sums up from Neowin on Sunday (4/2/2018). India and Britain are also the same money. In the realm of social media, Facebook prohibits the display of ads that promote cyrptocurrency in its network. The rules also apply to Instagram owned by Facebook. The fall in the price of cryptocurrency including bitcoin is also caused by hacking case of one of the virtual currency trading sites in Japan called Coincheck some time ago. As a result of the incident that caused losses worth 500 million US dollars, Coincheck had stopped trading all virtual currencies other than bitcoin. Based on KompasTekno's monitoring on Coindesk's website, Bitcoin's value has now climbed to around 9,000 US dollars per chip. That figure is not yet half of its record high recorded in December, at around 19,700 US dollars per chip.
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