JAKARTA - Bitcoin (BTC) has reached a new all-time high (ATH) above US$70,000 (Rp1.09 billion), where on Tuesday, March 12 in the morning, BTC perched at a price of 72,800 US dollars or Rp1.13 billion.
"Meanwhile, this morning at 08:00 WIB Bitcoin (BTC) was perched at 71,995 US dollars (Rp1.12 billion), still counting up 5.38 percent in the last 24 hours," said National Expert Ajaib Kripto Panji Yudha in a statement.
Panji said that the increase in Bitcoin prices was driven by investor demand for a new US spot of bitcoin ETF launched this year, and this increase was pushed higher ahead of the Bitcoin busking event in the next few weeks.
Meanwhile, Ethereum (ETH) also experienced an increase ahead of the Ethereum Dencun Upgrade, which in the last 24 hours rose around 5.89 percent and perched at 4,061 US dollars (IDR 63.3 million).
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Panji said that today Investors will observe reading the consumer price index and producer or consumer price index (CPI) is expected to provide an overview of the policy direction of the Federal Reserve regarding cutting interest rates this year.
The crypto asset market is in a bullish trend after BTC scored a new high. However, of course, it is difficult to know how much bitcoin can rise again in the near future," said Panji.
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