bitcoin prices dropped dramatically within hours

United States, the price of virtual currency bitcoin managed to get back up to 2,000 US dollars to the range of level 7,000 US dollars. In fact, a few hours earlier, bitcoin had plummeted to touch the level of the level of 5,900 US dollars.

Citing Coindesk, Wednesday (7/2/2018), bitcoin prices had returned to the level of 7,900 per US dollar or equivalent around Rp 105 million. Meanwhile, 12 hours earlier, bitcoin had plummeted to 5,947 US dollars or about Rp 79 million.

At 7:30 pm, the price of bitcoin was at 7,466 US dollars or equivalent around Rp 99.2 million. At the opening of trade in the US, Tuesday (6/2/2018) local time, bitcoin prices were below 7,000 US dollars, but then managed to strengthen to the level of 7,763 US dollars or equivalent about Rp 103.2 million.

Bitcoin had touched a record that is more than 19,000 US dollars or equivalent around Rp 252.7 million in December 2017 ago. However, since then bitcoin prices continue to plummet and until now never touched the level of 10,000 US dollars.

However, the current market capitalization bitcoin has jumped almost to 100 billion US dollars. Prices of other virtual currencies were monitored to strengthen again.
The price of ethereum rose to 781 US dollars. The ripple price reached 0.76 US dollars and ethereum price was below 1,000 US dollars.
In the US, Chairman of the Commission on Commodities Trading J Christopher Giancarlo and Chairman of Securities Control Commission Jay Clayton said the two institutions oversee and monitor the virtual currency environment.
The effort was made to encourage regulation to protect investors, while simultaneously overseeing technological growth.