Until 15:15 WIB, Bitcoin is in the range of US $ 4,240.05 per coin (Rp. 61.5 million). This has been the lowest price of Bitcoin in the past 14 months. Overnight the price of Bitcoin dropped 6.07% and in a week it has corrected 23.12%.
This decline occurred after last October the price of Bitcoin was stable in the range of US $ 6,400 per coin. The highest price of Bitcoin had reached US $ 20,000 per coin.
"Markets around the world are fragile and panic has become a sentiment that is influencing [actors] nowadays," said Tom Lee, Founder of Fundstrat Global Advisor to CNBC International. "Is Bitcoin problematic? No. There is no problem there but in the short term, panic is panic."
The fall in the value of Bitcoin was because the US stock exchange authorities announced their first civil penalty against the founder of the digital eye on Friday (11/16/2018) as a form of regulator's decisive action against direct violations and fraud in the emerging digital currency industry.
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