Bitcoin Falls to IDR 1.48 Billion, Down 1.2 Percent in Last 24 Hours

ILLUSTRATION UNSPLASH

JAKARTA - The crypto asset market has weakened in the last 24 hours, where Ajaib saw Bitcoin fall by 1.20 percent to the level of 87,675 US dollars or around Rp1.48 billion.

Even though it is still difficult to penetrate the $89,000-90,000 zone (Rp1.49-Rp1.5 billion), Financial Expert Ajaib Panji Yudha assessed that Bitcoin still remains above the support area of $85,000 (Rp1.44 billion).

This movement is also considered reasonable considering the global crypto market conditions which have not found a strong catalyst to drive a new trend.

"BTC is still maintained above the support of 85,000 US dollars (Rp. 1.44 billion), so it still has the potential to move towards the MA-50 at 92,000 US dollars (Rp. 1.56 billion) with the next resistance at 94,000 US dollars (Rp. 1.59 billion)," said Panji.

Tokocrypto noted that pressure in the crypto market occurred as risk-off sentiment strengthened after the release of stronger-than-expected US economic data.

This condition has a direct impact on market expectations of The Federal Reserve's policy. Where the opportunity to cut the Fed's benchmark interest rate in January 2026 is now only around 13%.

The narrowing of the possibility of a rate cut has encouraged the strengthening of the US dollar and an increase in bond yields, which ultimately put pressure on risky assets including cryptocurrencies.

"The pressure came after the release of strong US GDP data, which put pressure on expectations of a Fed rate cut in January to only 13%, so Bitcoin and the majority of altcoins moved weaker," he explained.