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El Salvador's Bitcoin Ownership Value Soars to IDR 3.1 Trillion

The prices of Bitcoin and other top cryptocurrencies were observed to experience uniform movements on Wednesday (13/3/2024). The majority of top cryptocurrencies were observed to be in the red zone again.

Based on data from Coinmarketcap, the cryptocurrency with the largest market capitalization, Bitcoin (BTC), has corrected again. Bitcoin weakened 2.16 percent in 24 hours, but still gained 11.18 percent for the week.

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Currently, the price of Bitcoin is at USD 70,735 or the equivalent of IDR 1 billion (assuming an exchange rate of IDR 15,550 per US dollar).

Ethereum (ETH) also weakened. ETH fell 2.74 percent in the past day, but still gained 12.38 percent for the week. That way, currently ETH is at the level of IDR 61.1 million per coin.

The next crypto, Binance coin (BNB) strengthened again. In the last 24 hours BNB rose 2.33 percent and 36.43 percent for the week. This makes BNB priced at IDR 8.29 million per coin.

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Then Cardano (ADA) was back in the red zone. ADA weakened 4.71 percent in the last 24 hours, but still gained 9.83 percent on the week. That way, ADA is at the level of IDR 11,443 per coin.

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Meanwhile, Solana (SOL) is sluggish again. SOL weakened 0.17 percent in a day, but still strengthened 20.43 percent in a week. Currently, the price of SOL is at the level of IDR 2.29 million per coin.

XRP was observed to be in the red zone again. XRP slumped 4.06 percent in 24 hours, but still gained 16.96 percent on the week. In this way, XRP is now priced at IDR 10,666 per coin.

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El Salvador's Bitcoin Ownership Value Soars to IDR 3.1 Trillion

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