As of January 31, 2025, the crypto market is showing significant dynamics. Here are some of the major cryptocurrencies along with their current prices and changes:
$BTC : Currently trading at $104,796, down $213 (-0.20%) from its previous close.
$ETH : Trading at $3,340.13, up $129.33 (4.03%) from its previous close.
$BNB : Trading at $683.20, up $6.48 (0.96%) from its previous close.
ADA: Trading at $0.9779, up $0.0211 (2.21%) from its previous close.
SOL : Trading at $239.10, down $1.38 (-0.57%) from the previous close.
The significant increase in the price of Bitcoin in recent months has been a major catalyst for increased crypto market activity in Indonesia. Data from the Commodity Futures Trading Regulatory Agency (Bappebti) shows that total crypto asset transactions in Indonesia reached IDR475.13 trillion from January to October 2024, an increase of 352.89% compared to the same period the previous year of IDR104.91 trillion.
However, it is important to note that crypto prices are heavily influenced by global sentiment, including interest rate policies and regulations in the United States. Head of the Commodity Futures Trading Development and Development Bureau (Bappebti), Tirta Karma Senjaya, stated that changes in US interest rates and regulations implemented by the Securities and Exchange Commission (SEC) could affect the price movements of Bitcoin and other cryptos.
In addition, momentum such as Bitcoin Halving also plays an important role in price movements. Indodax President Director Oscar Darmawan said that Bitcoin Halving could cause a price increase of up to two times or more, due to changes in supply and demand that occur during the period.
Overall, the crypto market continues to show high volatility.
