The cryptocurrency market shows a relatively stable movement today. Bitcoin (BTC) is traded in the range of Rp1.59 billion or around $95 thousand, experiencing a slight increase of around +0.36% in the last 24 hours. This increase is supported by strategic buying and the hope of clearer regulation from the United States government, which gives positive sentiment to investors.
Ethereum (ETH) also shows a positive trend with a price reaching Rp30.5 million, up around +1.38%. However, several other altcoins such as XRP and Binance Coin (BNB) experienced a small decline, respectively -0.78% and -0.28%.
Meanwhile, stablecoins such as USDT and USDC remain stable without significant changes, reflecting market confidence in these assets as hedging instruments in the midst of market volatility.
On the other hand, investors' attention is also focused on the development of regulations and big steps from global financial institutions such as BlackRock who are preparing for action related to XRP, as well as the movement of Tesla CEO, Elon Musk, which often affects the sentiment of the crypto market.
Overall, the crypto market today shows signs of recovery with sentiment supported by regulatory factors and institutional buying activities, although some altcoins are still experiencing price pressure.