Bitcoin Price Back To 110,000 US Dollars, Domestic Transactions Increase

JAKARTA - The price of Bitcoin (BTC) is again showing impressive performance by breaking through the US$110,000 level on June 10, 2025, after previously correcting it to below US$101,000 on June 5.

The increase marked a nearly 9 percent strengthening in the past week and put Bitcoin at only about 2 percent of its record high price at more than 111,000 US dollars reached last May.

This price increase occurred amid positive sentiment from the global market, particularly the development of trade relations between the United States and China which again showed positive signs and easing tensions. Global investors also responded to the potential for a new trade agreement that had an impact on risky assets such as cryptocurrencies.

On the other hand, transaction volume on the INDODAX platform also shows a significant increase in line with the surge in BTC prices. On June 10, 2025, total transaction volume on INDODAX was recorded at IDR 707.8 billion, reflecting an increase in trade activity and increased interest from domestic market players.

INDODAX Vice President Marketing, Antony Kusuma, responded to this increase as an important turning point in the Bitcoin narrative globally.

"Bitcoin is now no longer a marginalized part of the global financial system, the digital asset has become part of core conversations between governments, industry players, and major financial institutions. The surge in prices to US$110,000 reflects that the market sees Bitcoin as not only an alternative asset, but as a strategic component in the new part of the digital economy," said Antony, Saturday, June 14.

In the domestic market, this price spike also affects the increase in volume. This is shown by the enthusiasm of Indonesian retail investors to strengthen again in line with the positive movement of BTC prices.

"This is an important signal that local markets are contributing to global market dynamics," added Antony.

Meanwhile, various macroeconomic indicators of the United States this week also caught the attention of market players. The release of inflation data (CPI) which is scheduled for June 11 and the prediction of unemployment on June 12 is expected to have an impact on the Fed's interest rate policy direction.

According to him, the combination of inflationary pressures, geopolitical turmoil, and uncertainty towards global interest rates has prompted investors to seek assets that are not tied to central bank and government decisions.

"Bitcoin is becoming relevant because it is free from conventional monetary policy interventions. As other assets are subject to stimulus or tightening, Bitcoin operates on a fixed principle: transparency, limited supply, and global consensus," explained Antony.

He stressed that growing institutional adoption has changed the way the market views Bitcoin. Now, many large financial institutions no longer see Bitcoin as speculation, but as an important element in risk management and portfolio diversification.

If several years ago the institution was still adrift of Bitcoin's position, this time they had incorporated it into digital asset strategies. Even some sovereign wealth funds are starting to evaluate their exposure to crypto. This is a transitional phase from skepticism to acceptance," said Antony.

Antony considered that the current momentum is also an opportunity for developing countries such as Indonesia to be more adaptive in the blockchain sector and digital assets.

"Indonesia has great potential, both in terms of demographics, digital penetration, and the active crypto community. But the challenge is how to make ourselves not just a consumer market, but players who contribute to the development of technology and global policies," said Antony.

However, Antony reminded that volatility remains part of the crypto dynamics that must be addressed with a mature risk management approach.

"The price can go up and down aggressively, but the long-term direction of Bitcoin still points to fundamental strengthening. What's important is how investors position themselves wisely in the midst of complex market cycles," added Antony.

He also emphasized that a sustainable crypto ecosystem can only be created if all parties, from industry players, regulators, to the community, move in the same direction.

"Bitcoin can be a catalyst for digital economic growth, but we need an ecosystem that supports: progressive regulations, strong infrastructure, and increasing public literacy," concluded Antony.