Early In The Year, Bitcoin And Ethereum Observed Up 30 Percent

Illustration. (Photo: Unsplash)

JAKARTA - The two highest market-capalyzing cryptocurrencies, namely Bitcoin and Ethereum, were observed to increase from January to early February. Based on data from the Indodax market, BTC was observed to have increased by 33 percent. Meanwhile, ETH was observed to increase by around 30 percent when viewed from January 1, 2023 - February 6, 2023.

With the rise in prices of BTC and ETH, it also affected a little more and more other cryptocurrencies which also rose, such as XRP which rose by about 12 percent, and MATIC which rose by about 52 percent as seen from January 1, 2023 - February 6, 2023.

After experiencing a bloody market in 2022, the market showed saturation and low prices also made many investors return to the crypto market to make transactions.

Indodax CEO Oscar Darmawan sees this rising crypto phenomenon as a result of investors who are conducting crypto accumulations to welcome Bitcoin Haling Day which will take place in the second quarter of 2024.

"This is a good increase at the beginning of the year, when people have started to look back at crypto," Oscar explained, in his statement, Tuesday, February 7.

The decline in the prices of Bitcoin, ETH, and other cryptocurrencies has made some investors take profit in early 2023. If asked what investors need to do when crypto, Oscar also provides important tips and suggestions that investors should do when they see crypto prices rising.

"Investors need to continue to be guided by the plans that have been created. By paving on the plan, we can avoid existing FOMOs. Do not let cryptocurrencies whose prices are currently rising make us FOMOs which will cause losses on our side. If investors have made profits, investors need to continue to analyze the market and evaluate. If they want to get profits back, investors can repeat the same pattern. Investors also need to understand the situation of the market and crypto assets that have good prospects and fundamentals, "explained Oscar.

Not only that, Oscar added that both bearish and bullish situations remember that the situation can change quickly, so there needs to be in-depth literacy about trading on crypto and not just following along or making decisions based on emotions without research.

Berdasarkan market Indodax, Bitcoin sebagai kripto berketalisasi pasar terbesar di dunia sudah mengalami kenaikan sebesar 5 persen jika ditarik tiga bulan ke belakang.

As additional information, Indodax has an offline counter that can be used by members to consult at the business centers of Sudirman, DKI Jakarta and Seminyak, Bali. In Indodax, Bitcoin and other crypto assets can be owned by anyone easily and safely starting at a price of only Rp. 10,000.