Percentage of losses today is the biggest since January 14, 2015 (Credit : REUTERS)

Unpredictable movement, bitcoin investors lose US $ 2,985.41 in one night

Siti Fatimah Adri
Market & Investment
Market Trending
Jun 28, 2019
1806
Bitcoin is one of digital assets whose movements are predictable. The absence of certain positive and negative sentiments that can drive prices will certainly make it difficult to predict. There are only requests and offers, but with limited supply.

On Thursday (6/27) at 11:30 p.m, Investing.com was reported that Index Bitcoin traded is around $ 11,186.9, but today (28/6) it fell 22.02% instead. Percentage of losses today is the biggest since January 14, 2015.

For your information, in the last 24 hours Bitcoin reached the highest price in the range of US $ 13,882.08 per coin. If you don't immediately release the Bitcoin, you can suffer a loss of US $ 2,985.41 per coin overnight. Therefore, it is not surprising that there are investors who can get rich overnight and suffer losses the next day because the price of Bitcoin being fall down.

The trend movement has made Bitcoin's market capitalization fall to $ 197.4B, or 60.99% of cryptocurrency's total market capitalization. Usually, Bitcoin’s market cap can reach $ 241.2B at the highest level.

Last week, Bitcoin value has increased and strengthened by 19.46%. This increase was triggered by Facebook's plan to launch Libra, a digital currency in upcoming semester of 2020. Therefore, some investors predict that Bitcoin will become the official currency globally. But today, Bitcoin price fell 43.70% from the highest level on December 17, 2017, which is the highest price so far. This decline was allegedly due to investors trying to realize profits, because two weeks earlier, Bitcoin price had increased tremendously.

Source: https://www.cnbcindonesia.com/fintech/20190628113936-37-81335/nahasnya-investor-bitcoin-rugi-rp-41-juta-dalam-semalam