Bitcoin Price Stays in the Red Zone Today April 30, 2023

Liputan6.com, Jakarta – Entering the weekend, Sunday (30/4/2023), bitcoin prices are comfortable moving in the red zone. Apart from bitcoin, the prices of the top cryptocurrencies tended to weaken until Sunday afternoon.

Based on Coinmarketcap data, the price of the cryptocurrency with the largest market capitalization bitcoin (BTC) fell 0.53 percent in the last 24 hours. In the past week, the price of bitcoin has jumped 6.09 percent. Currently, the price of bitcoin is at USD 29,266.52 or around IDR 431.31 million (assuming an exchange rate of IDR 14,737 per US dollar).

Likewise, the price of ethereum (ETH) slightly weakened on Sunday afternoon. In the last 24 hours, the price of ethereum weakened 0.16 percent. Over the past week, the price of ethereum is up 1.89 percent. Now, the price of ethereum is in the position of USD 1,899.97 or IDR 27.98 million.

Quoting Tokocrypto’s written statement, this week has been a busy period for the crypto market. Until the middle of the last week of April 2023, the price of bitcoin (BTC) had fallen 10 percent in the last week, even though previously this crypto had increased in price to USD 31,000 or around IDR 456.87 million.

However, a few days later it was corrected to the level of USD 27,000 or around Rp. 397.92 million. The main factor driving BTC to get a bullish signal again was the collapse of First Republic Bank shares.

By then Bitcoin had reclaimed the USD 28,000 level from USD 27,000. USD 1,000 gain is an important development, Bitcoin’s ability to retest and hold the support line is crucial. Because, if this level holds, it can instill confidence in bulls crypto to push the price higher.

“This sudden increase in price could lead to a very positive outlook for BTC. In the last few months, traditional banks have been experiencing liquidity and bankruptcy problems,” said Tokocrypto external trader, Fyqieh Fachrur, as quoted from a written statement.