Bitcoin Touches IDR 1.6 Billion Imbas US-China Trade Optimism

JAKARTA - The price of Bitcoin is back green, based on CoinMarketCap, BTC is currently perched at the level of $93,000, an increase of more than 5 percent in the last 24 hours.

Not only Bitcoin, this increase was also followed by a number of altcoins and coin memes such as Ethereum which were appreciated by 13% at the level of $1.784, Solana up 20% at the level of 151, and DOGE which also greened 18.77%.

Responding to the situation, Analyst Reku, Fahmi Almuttaqin explained that this increase was triggered by positive comments from President Trump and US Treasury Secretary Scott Bessent regarding the easing of tariffs against China.

"However, some considerations hint that this rally could also carry the risk of falling prices again," Fahmi said in a statement.

In his speech, Trump stated that the 145% tariff against China would drop substantially. Meanwhile, Scott Bessent called the current tariff policy an unsustainable trade embargo, in the hope that de-escalation will occur in the near future.

According to Fahmi, this statement ultimately encourages interest in risky assets such as crypto assets.

"The current rise in Bitcoin reflects the market's rapid response to macro catalysts, especially positive news regarding geopoliticals and interest rates," he added.

Fahmi added that the development related to policy and leadership dynamics at the US central bank, the Fed will still be key in the current situation.

Amid the existing situation, Fahmi advises investors to start considering preparing for a possible major rally that could occur in the crypto market and US stocks.

"For investors who want to optimize profits, the portfolio management strategy is more actively more attractive to consider in a situation like this. Meanwhile, for novice investors, it is not yet too late to start investing in crypto and US Shares," he concluded.