Slow, BTC Price 295 Million IDR

Jakarta, – Today’s Bitcoin news discusses price action weakening once again.

Bitcoin or BTC is falling. BTC is now priced at a price range of IDR 295 million per coin. Meanwhile, other cryptocurrencies are also seeing different price movements.

Bitcoin is currently in red. So how do you move, see today’s Bitcoin news review.

Bitcoin is in the red – Bitcoin News Today

The price of Bitcoin and other cryptocurrencies was observed with consolidated movements on Friday, September 16, 2022. The majority of these cryptocurrencies fell again after being boosted the day before due to the sentiment of The Merge Ethereum.

Based on data from Coinmarketcap, on Friday (16/9/2022) today, the cryptocurrency with the largest market capitalization, Bitcoin (BTC) is down 2.02 percent in the past 24 hours but is still up by 2.67 percent this week.

Bitcoin news today

Currently, the bitcoin price is 19,808 USD per coin or 295.5 million rupees assuming an exchange rate of 14,492 rupees per US dollar.

Then Ethereum (ETH) weakened again this morning. In fact, the feeling of consolidation was not able to drive the price of ETH. Over the past 24 hours, ETH is down 8.37 percent and 9.04 percent for the week. In this way, ETH is currently priced at $1,483 per coin.

The next cryptocurrency is Binance Coin (BNB), which has plummeted yet again. In the past 24 hours, BNB stock is down 3.08 percent and 3.52 percent over the week. This makes BNB at $270.61 per coin.

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Then the Cardano cryptocurrency also collapsed. On the last day, the ADA was down 3.08 percent and 2.02 percent this week. Thus, the price of ADA is 0.4669 USD per coin.

Meanwhile, Solana (SOL) is back in the red. During the last day, SOL was corrected by 2.56 percent and 0.64 percent per week. Currently, SOL is priced at $33.21 per coin.

Likewise, XRP is also down this morning. XRP is down 4.50 percent in the last 24 hours and 3.68 percent over the week. In this way, the price of XRP is now $0.3274 per coin.

Stablecoin Tether (USDT) and USD coin (USDC) are also up 0.01 percent today. This makes the price of both remain at the level of 1.00 USD.

While the cryptocurrency Binance USD (BUSD) has strengthened by 0.01 percent in the past 24 hours, making the price slightly higher to $0.9998 from the previous level of $0.9997.

As for the total market capitalization of cryptocurrencies in 24 hours, it fell below $1 trillion, to be exact at $964.9 billion.

Sentiment Overwhelms Bitcoin’s Movement

Previously, starting this week, the crypto market movement looked bright again, last Monday (12/9/2022). Since the end of last week, slowly but surely, the market has continued to rise for a long time, despite the threat of negative sentiment ahead.

release Liputan6.comThe cryptocurrency market returned to the green at the end of last week, due to investors who started to be optimistic that the market could turn a profit in the short term.

It can be seen by the US Dollar Index (DXY) still weakening this morning at 108.63 (-0.34 percent).

The news of a 75 basis point interest rate increase from the European Central Bank has investors excited to enter the market, as they believe that inflation may drop soon in the blue continent.

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There is also news that FTX Ventures is buying a 30 percent stake in SkyBridge Capital from Anthony Scaramucci’s company, giving a glimmer of hope for the vibrant crypto ecosystem.

Now the US stock index appears to be moving with optimism as well. The value of the trio of US stock indices appeared in the trading session on Friday, September 9, 2022. The Dow Jones Industrial Average (DJIA) rose 1.2 percent, while the Standard & Poor’s 500 and Nasdaq rose 1.5 percent and 2.1 percent, respectively.

US stock indices are strong thanks to the smart movement of technology stocks. Cryptocurrency analyst Afid said the stock performance is also making crypto-currency move bullish and appears to be ignoring a series of comments from Federal Reserve officials stressing the importance of raising the benchmark interest rate.

Sentiment of the Week – Bitcoin News Today

There are also sentiments that could affect the market this week, starting with the US August inflation data expected on Tuesday (9/13-2022).

The data will provide a clue regarding the Federal Reserve’s monetary policy going forward. This data usually makes the market move up and down faster.

In addition, awaiting the update of the Ethereum network or called The Merge, which is expected to be launched on September 15.

In the update, Ethereum plans to change its consensus algorithm from Proof-of-Stake to Proof-of-Work and is expected to increase the price of ETH and other altcoins.

Technical Analysis Aspect – Bitcoin News Today

In terms of technical analysis, Bitcoin or BTC managed to break through the resistance at the level of 20701 USD or around 307.1 million rupees.

The next upside target is at $22,370, if BTC price action can maintain the bullish pace and support it with higher buying.

He once again said, “$20,527 is the closest support to maintain the decline if the price corrects.”

Meanwhile, Ethereum (ETH) was mostly higher at the start of the week, as the coin broke through resistance.

This is today’s Bitcoin news review. We hope this information is useful to you.

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Author: Contributor / Shuhada Banji A

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