Bitcoin prices fell by 5 percent in trading Monday (9/5/2022) United States (US) time. According to Coindesk records, the price of Bitcoin had dropped to US$32,860.91 or the equivalent of Rp. 477 million per chip. On the same day, the lowest price of Bitcoin reached 32,650.02 US dollars or equivalent to Rp. 474.6 million. From KompasTekno's observation on the Coindesk website, Tuesday (10/5/2022) afternoon, the price of Bitcoin seemed to fluctuate at around 30,000-32,000 US dollars. This figure is the lowest in the last nine months or since July 2021, because at that time the price of Bitcoin touched 29,301 US dollars (Rp 425.8 million). Bitcoin prices have even fallen more than 50 percent when compared to last November 2021. In November 2021, the price of Bitcoin had penetrated its peak, which reached 68,990.90 US dollars (around Rp. 1 billion). Also read: Bitcoin Price Breaks Record High, Reaches IDR 930 Million Per Piece Not only Bitcoin, the price of other cryptocurrencies has also fallen, such as Ethereum which has fallen 20 percent in the past week. The cause of the drop in the price of Bitcoin and other cryptocurrencies is due to the sluggish stock indices around the world in recent days, including the major stock indexes of Europe, Asia and the US. According to the BBC, investors are letting go of cryptocurrencies and turning to safer assets like dollars. In addition to the falling stock index, interest rates that became larger were also the cause of the Bitcoin price plummeting. Last week, the US central bank raised interest rates to tackle inflation. Read also: New record, 19 million Bitcoin successfully mined Predicted to fall again According to VP of Corporate Development and International Luno, Vijay Ayyar, if the price of Bitcoin drops below 30,000 US dollars (Rp 435.8 million), there is a possibility that the price will fall to 25,000 US dollars, before rising again significantly. Oanda market analyst, Edward Moya also made a similar prediction. According to Moya, the declining (bearish) stock market trend could bring Bitcoin to a price of 28,500 US dollars (Rp 414 million). Bearish itself is defined as a stock market trend that moves down or weakens continuously within a certain period. "Bearish momentum could take Bitcoin towards the level of 28,500 US dollars. Long-term fundamentals remain valid for Bitcoin, but returning to record highs will take a long time