NEW YORK, KOMPAS.com the value of a number of the largest virtual currency dropped sharply on Tuesday (16/1/2018). The decrease is due to the investor that monitors a number of warnings from regulators and a growing crackdown on virtual currency market in China.
CNBC, citing a sharp decline occurred at a price of bitcoin, until reaching the lowest point in 1.5 months. In addition, the price of the ethereum and ripple also decreased in signfikan.
Coindesk data shows, the price dropped to as low as bitcoin under 12,000 us dollars for the first time since December 5, 2017. The price of the bitcoin had touched the level 11,685.24 u.s. dollar or equivalent of Rp 156.579 million. The figure was down more than 10 percent compared to the position at 1 hour in advance. Meanwhile, according to CoinMarketCap, the price of the ethereum dropped 18 percent to 1,090.96 u.s. dollar or equivalent of about Rp 14.61 million. The price is also down nearly the ripple 26 percent to 1.37 us dollars per token, an equivalent of around Rp 18,358. Price range now bitcoin 11,992 us dollars or equivalent Rp 160.69 million. Earlier this week, authorities in China reportedly is planning to block access domestically to virtual currency platform in China as well as foreign trade offices that allows. Regulators also will target the individuals and companies that provide services related to trade are offices. In the past month, the price jumped to its highest record bitcoin, i.e. 19,343 us dollars or equivalent Rp 259.19 million.
However, since then it is way up. In the past month, the number of Exchange virtual currency appearing, among others by the CME and Cboe. Up to Tuesday morning local time, index bitcoin on Cboe down more than 12 percent. But on the CME was down more than 13 percent.
"This Decline appears to be due to a lack of buyers in Asia,".
said Mati Greenspan, senior analyst at eToro. He explains, Japan and South Korea are usually dominate the trade in virtual currency market. However, in the last few days, the volume is reduced, where on this day decrease the volume of the two countries is down 30 percent. South Korea reported any central drafting rules to prohibit the trade in virtual currency in the last week. This makes the price of the bitcoin and a number of other virtual currencies plummeted dramatically