JAKARTA – The crypto market is starting to green again today. Bitcoin (BTC) recorded an increase of 95,000 US dollars (Rp 1.5 billion) after slipping to 92,000 US dollars (Rp1.4 billion). The soaring price of BTC in early 2025 strengthened Bitcoin’s position as the dominant digital asset in the global crypto market.
Meanwhile, a number of major altcoins also showed positive performance. Stellar (XLM) became the highest performance crypto asset aka top gainer with a price spike of 26% in the last 24 hours, followed by IOTA which rose 20% in the same period.
In addition, other large altcoins such as XRP and Cardano (ADA) also recorded profits of more than 10%. Although global trading volume decreased 16% to 92 billion US dollars (Rp 1.5 trillion), global crypto market capitalization continued to increase by around 2%, reaching 3.34 trillion US dollars (Rp54.1 trillion).
Recovering the crypto market today indicates optimism among investors. Launching Coingape, the volume of crypto trading appears to be increasing again next week, especially after the holidays.
Meanwhile, Ethereum (ETH) recorded a slight increase of 1%, trading at $3,394, with trading volume dropping 20% to around US$16 billion (Rp259.2 trillion).
Then Solana (SOL) also showed positive performance with an increase of 4%, priced at USD 198 (IDR 3.2 million), although the trading volume decreased by 12%.
On the other hand, the decline in Bitcoin reserves on crypto exchanges is still a public concern. Data from CryptoQuant showed a 0.25% decline in the last 24 hours, as well as a 2.09% drop in the week. This decrease in reserves indicates a decrease in selling pressure, which has the potential to provide positive sentiment for the price of Bitcoin going forward.
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