The price of Bitcoin rose significantly by 2.3 percent to US$23,199 or around IDR 348 million on Saturday (21/1/2023). Reuters noted, the price increase succeeded in increasing the value of Bitcoin by around 521 US dollars from its value at the previous close.
In recent years, Bitcoin has become the largest and most popular cryptocurrency in the world. Launch Reuters, Saturday (22/1/2023) the increase in the price of Bitcoin penetrated 40.6 percent from this year's low of 16,496 US dollars on January 1, 2023.
Meanwhile, Ether, a coin linked to the Ethereum blockchain network, also posted a 0.58 percent gain to $1,668.1 early Saturday. The increase increased the price of Ethereum by around 9.7 US dollars from the previous close.
Previously, the Tokocrypto Analyst Team said that the increase in the price of Bitcoin (BTC) pumped up the overall crypto market capitalization to nearly one trillion US dollars.
"This will also increase the confidence of crypto market players, so that market sentiment will return to positive," said the Tokocrypto Analyst Team in an official statement in Jakarta, Monday (16/1/2023) earlier this week. Entering early 2023, the price of BTC reached a psychological level above 20 thousand US dollars or around IDR 300 million in the last few days.
The rise was driven by a cooling US dollar index (DXY) and positive US inflation data in the latest Consumer Price Index (CPI) report released last week, keeping the crypto's run higher.
As predicted, US inflation data was announced to decrease to 6.5 percent. The slower pace of inflation will likely pave the way for the Fed to lower the pace of rate hikes to 25 basis points (bps) from 50 bps in December 2022.
The price of Bitcoin rose significantly by 2.3 percent to US$23,199 or around IDR 348 million on Saturday (21/1/2023). Reuters noted, the price increase succeeded in increasing the value of Bitcoin by around 521 US dollars from its value at the previous close.
In recent years, Bitcoin has become the largest and most popular cryptocurrency in the world. Launch Reuters, Saturday (22/1/2023) the increase in the price of Bitcoin penetrated 40.6 percent from this year's low of 16,496 US dollars on January 1, 2023.
Meanwhile, Ether, a coin linked to the Ethereum blockchain network, also posted a 0.58 percent gain to $1,668.1 early Saturday. The increase increased the price of Ethereum by around 9.7 US dollars from the previous close.
Previously, the Tokocrypto Analyst Team said that the increase in the price of Bitcoin (BTC) pumped up the overall crypto market capitalization to nearly one trillion US dollars.
"This will also increase the confidence of crypto market players, so that market sentiment will return to positive," said the Tokocrypto Analyst Team in an official statement in Jakarta, Monday (16/1/2023) earlier this week. Entering early 2023, the price of BTC reached a psychological level above 20 thousand US dollars or around IDR 300 million in the last few days.
The rise was driven by a cooling US dollar index (DXY) and positive US inflation data in the latest Consumer Price Index (CPI) report released last week, keeping the crypto's run higher.
As predicted, US inflation data was announced to decrease to 6.5 percent. The slower pace of inflation will likely pave the way for the Fed to lower the pace of rate hikes to 25 basis points (bps) from 50 bps in December 2022.
The price of Bitcoin rose significantly by 2.3 percent to US$23,199 or around IDR 348 million on Saturday (21/1/2023). Reuters noted, the price increase succeeded in increasing the value of Bitcoin by around 521 US dollars from its value at the previous close.
In recent years, Bitcoin has become the largest and most popular cryptocurrency in the world. Launch Reuters, Saturday (22/1/2023) the increase in the price of Bitcoin penetrated 40.6 percent from this year's low of 16,496 US dollars on January 1, 2023.
Meanwhile, Ether, a coin linked to the Ethereum blockchain network, also posted a 0.58 percent gain to $1,668.1 early Saturday. The increase increased the price of Ethereum by around 9.7 US dollars from the previous close.
Previously, the Tokocrypto Analyst Team said that the increase in the price of Bitcoin (BTC) pumped up the overall crypto market capitalization to nearly one trillion US dollars.
"This will also increase the confidence of crypto market players, so that market sentiment will return to positive," said the Tokocrypto Analyst Team in an official statement in Jakarta, Monday (16/1/2023) earlier this week. Entering early 2023, the price of BTC reached a psychological level above 20 thousand US dollars or around IDR 300 million in the last few days.
The rise was driven by a cooling US dollar index (DXY) and positive US inflation data in the latest Consumer Price Index (CPI) report released last week, keeping the crypto's run higher.
As predicted, US inflation data was announced to decrease to 6.5 percent. The slower pace of inflation will likely pave the way for the Fed to lower the pace of rate hikes to 25 basis points (bps) from 50 bps in December 2022.
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