JAKARTA - The price of Bitcoin (BTC) again recorded a new history by hitting US$ 108,268 (Rp1.74 billion) on December 17 last night. The day before, Bitcoin had experienced bear market pressure.
But the value of BTC continues to push up, adding more than $1.000 in the early hours of Tuesday. This movement is pushing the dominance of the Bitcoin market close to 52% of the total crypto market value.
Bitcoin's market cap has now reached 2.1 trillion US dollars (Rp33,600 trillion), while the total crypto market capitalization as a whole has jumped to 3.9 trillion US dollars (Rp62,400 trillion).
The rise in the price of Bitcoin came after the company owned by Michael Saylor, MicroStrategy, announced the purchase of 15,350 BTC worth 1.5 billion US dollars (Rp24 trillion). With this addition, MicroStrategy's total Bitcoin ownership reaches 439,000 BTC, making it one of the largest Bitcoin holders in the world.
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Altcoin Is Moving, XRP Is Moving
Not only Bitcoin, the altcoin market also soared, one of which was Ripple (XRP) after Ripple Labs announced the launch of the RLUSD stablecoin which had obtained regulatory permits and officially launched on December 17 yesterday.
RLUSD is believed to be the trigger for the soaring price of XRP which rose from 2.37 US dollars (Rp37,920) to 2.60 US dollars (Rp41,600), or around 9.1% in the last 24 hours. That way, XRP managed to shift Tether (USDT) in third place based on market capitalization.
Then, other altcoins such as Stellar (XLM) and Crypto.com (CRO) also showed a positive trend. Stellar recorded an increase of 9%, while CRO rose 7%. Ether (ETH) again passed 4,000 US dollars (Rp 64 million), although its growth was slower than Solana (SOL). Meanwhile, Solana's total locked value (TVL) is still above 9 billion dollars (Rp144 trillion) even though activity on the decentralized exchange platform (DEX) has decreased.
Overall, the crypto market added around 90 billion US dollars (Rp1,440 trillion) in just the last 24 hours. The total market capitalization is now close to 3.95 trillion US dollars (Rp63,200 trillion). This upward trend is calculated positive for the crypto market plus the increasing market interest in digital assets.
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