The value of Bitcoin now continues to show a downward trend. Through the current price update, at the time this article was written, the value of 1 Bitcoin is now below RM80,000.
This trend is linked to the current macroeconomic situation, including involving inflation.
Bitcoin had previously recorded a value of almost RM300,000 last year, at the same time bringing various cryptocurrencies to increase sharply. However, this downward trend also affects various cryptocurrencies in the market.
Apart from Bitcoin, Ethereum is now worth around RM4152, while XRP is worth RM1.32.
The overall cryptocurrency market is currently around $ 844 billion.