The price of virtual currency bitcoin dropped below the level of 9,000 US dollars or equivalent around Rp 119.7 million on the week (4/2/2018) or Monday (5/2/2018) Indonesia time.
The decline in bitcoin prices follows investor concerns over regulatory upgrading in India and potential price manipulation in some major exchanges.
Quoting CNBC, bitcoin prices even touched about 8,810 US dollars or equivalent approximately Rp 117.1 million in Coinbase, one of the leading virtual currency exchange center in the US.
As for the early Monday at 1:20 pm, bitcoin prices observed at 9,023 US dollars or equivalent around Rp 120.6 million.