FINANCIAL MARKETS ARE VOLATILE,CRYPTO CURRENCIES FALL.

in #crytocurrency6 years ago (edited)

Negative sentiment does not only seem to shake conventional financial markets, such as the stock and bond markets, as well as developing countries' currency exchange rates, but also the cryptocurrency market. Since the beginning of the month, bitcoin, for example, has fallen by more than 12%.

[Source](file:///storage/emulated/0/Download/1295486610p.jpg)

Thursday (6/9) at 7:30 p.m., the value of bitcoin was recorded at US $ 6,388.48. The price of the world's most famous crypto currency fell 8.07% from the previous day's position. Meanwhile, if calculated from the beginning of the year, bitcoin has dropped 55.36%.
The ethereum currency also slumped to touch its lowest level since February 2018. The ethereum value on Thursday (6/9) at 19.30 WIB was recorded at US $ 223.33. Since the beginning of the year, the value of the Ethereum currency has dropped even further, namely 72.18%.

The ethereum currency also slumped to touch its lowest level since February 2018. The ethereum value on Thursday (6/9) at 19.30 WIB was recorded at US $ 223.33. Since the beginning of the year, the value of the Ethereum currency has dropped even further, namely 72.18%.
Head of Coinone Indonesia's Business Strategy, Sheila Suekto did not dismiss the decline in the value of bitcoin and ethereum. The price of bitcoin on the Coinone site also corrected 3.19% to Rp 96.81 million, while ethereum was stable at Rp 4.2 million because it had not been long traded on the platform.

The price of coins, such as bitcoin or ethereum in Indonesia, will always follow changes in trends from the current global market, at this time there are a number of sentiments that make the price of crypto currencies weaken.
the price sluggishness of crypto currencies is inseparable from the volatility sentiments that occur on the US stock market and in developing countries financial markets. In addition, specifically, the price of bitcoin fell after Goldman Sach postponed its plan to open a bitcoin trading desk due to unclear crypto regulations in the US.

Going forward, the price of crypto assets will still experience fluctuations in accordance with the development of this industry. Every good news will encourage price increases and vice versa, and there are still a number of positive sentiments that have the potential to raise the price of crypto currencies, such as the increasingly widespread use of blockchain in technology and information (IT) -based companies.

Google has stated that it will use ethereum data set into the company's big data platform.
In addition, Line application companies also plan to make their own crypto token, as well as a Cocoa application subsidiary that will build a private blockchain network.
based on information on the Coinone Indonesia site, the volume of bitcoin trading on the platform reached Rp. 19.61 million. Meanwhile, the ethereum trading volume was only around Rp. 840,200

REFERENCE;
http://amp.kontan.co.id/news/pasar-keuangan-bergejolak-mata-uang-kripto-ikut-berguguran

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Some crypto currencies are in Free fall... others are moving back up

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it's not clear, and this is what happened to Indonesia

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