JAKARTA - The price of Bitcoin (BTC) again rose and broke the level of $92,000 on Tuesday night to Wednesday morning Indonesian time, after previously experiencing market pressure that triggered liquidation of more than $250 million last week. This increase was driven by the growing interest of global financial institutions in digital assets and the recovery of market sentiment after a sharp decline last weekend.
Goldman Sachs is rumored to be acquiring an Innovator Capital Management in a deal worth around US$2 billion. Innovators publish ETFs that allow traditional investors to gain access to Bitcoin through managed instruments and according to market rules. This acquisition strengthens Goldman's position in the ETF ecosystem, especially as demand for products related to Bitcoin continues to increase.
At the same time, Vanguard, who for years refused digital assets, officially opened access to Bitcoin ETF trading on its platform. This decision gives tens of millions of their clients the opportunity to gain exposure to Bitcoin through regulated instruments.
The move follows a change in Bank of America policy which has begun allowing 15,000 financial advisers to recommend a Bitcoin allocation of 1'4 percent to their customers.
INDODAX Vice President, Antony Kusuma, explained that several strategic decisions from large institutions became important catalysts in strengthening the price of Bitcoin this time.
The acceptance of large institutions is a major factor in the increase in Bitcoin. Goldman Sachs, Vanguard, and Bank of America's move to open wider access to Bitcoin-based products has increased investor confidence in crypto assets, "explained Antony.
Ia menambahkan bahwa pemulihan harga Bitcoin kali ini juga dipengaruhi oleh dynamics pasar jangka pendek. Setelah terkoreksi ke area 83.80084,000 dolar AS dan memicu likudasi besar, pasar langsung menunjukkan minuman beli yang kuat. Volume perdagangan global meningkat signifikan dalam 24 jam. Rebound ini menunjukkan respons cepat pasar terhadap level support yang cukup kuat, ungkapnya.
Macro sentiment also gives color to price movements. The end of the Quantitative Tightening (QT) program on Monday (1/12) by the Federal Reserve (The Fed) is also one of the main catalysts that strengthens market liquidity.
The Fed closed down QT by injecting about $13.5 billion through daily repo operations, one of the largest liquidity injections since the pandemic. This increase in liquidity usually supports risky assets, including cryptocurrencies, as monetary policy pressures begin to ease.
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Currently, the global market is awaiting the Fed's decision at a 910 December 2025 meeting on a 25-base-point interest rate cut policy. Expectations for a looser monetary policy historically became the main driver of interest in risky assets including Bitcoin.
Antony emphasized that although volatility is still high, the latest developments show that institutional adoption is getting stronger.
Large institutional measures into digital assets provide a positive signal regarding long-term acceptance of Bitcoin. But crypto investors still need to be careful, not FOMO, and use long-term investment strategies such as dollar-cost averaging (DCA) and disciplined risk management," he said.
INDODAX invites all investors to continue to follow market developments and understand the factors that affect volatility in order to make wiser investment decisions amid the dynamics of crypto assets today.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
