JAKARTA - Despite having dropped to the level of US$56,000 (Rp898 million), over the weekend, Bitcoin (BTC) rebounded again above US$64,000 (Rp1.02 billion), as of Monday, May 6.
According to Coinmarketcap, on Tuesday, May 7, Bitcoin moved at 63,535 US dollars (Rp1,019 billion) down 0.95 percent over the past 24 hours. Ajaib sees, BTC has strengthened by 4.35 percent from May 1 to May 7, 2024.
The total market capitalization of Crypto Assets also experienced a similar movement with a decrease of 1.22 percent to IDR 2.278 trillion.
This week, according to the Ajaib Crypto Financial Expert Panji Yudha, investors will have the opportunity to hear opinions from several Federal Reserve officials.
"After a labor report on Friday showed that job growth slowed down last month, reducing concerns that interest rates would remain high for the remainder of the year," Panji explained.
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New York Fed President John Williams and Fedren President Thomas Barkin will also speak on Monday, followed by Fed Minneapolis President Neel Kashkari, a day later.
"President of the Chicago Fed Austan Goolsbee and Fed Governor Michelle Total will be present later this week," he added.
According to Panji, consumer confidence data on Friday will provide some new insights into inflation expectations and economic prospects.
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