Bitcoin Reaches IDR 1.8 Billion, Indonesia's Crypto Market Soars Amid Global Turbulence

Bitcoin illustration (photo: Pixabay)

JAKARTA - After reaching the lowest point of sentiment in the past six months due to concerns over a prolonged trade war, the global crypto market has finally shown a positive rebound.

Where in the last 24 hours, Ajaib saw Bitcoin (BTC) rise by +2.13% and perched at the level of 110,345 US dollars or around Rp1.82 billion.

This positive signal was also a statement by the US President, Donald Trump, who confirmed that he would meet with Chinese President Xi Jinping at the APEC Summit in Seoul, South Korea, which is scheduled for October 31.

This de-escalation signal of trade tensions immediately sparked rally across the crypto market:

Bitcoin (BTC) is up about 2%, trading at around 110,822 US dollars (Rp1,82 billion). While the main Altcoin recorded a bigger increase, with Ether (ETH) and BNB going up about 3.5% (ETH at 3,989 US dollars or Rp66.1 million, BNB at 1,100 US dollars or Rp18.2 million each).

However, in contrast to the turmoil of global sentiment, the Faculty Expert, Ajaib Panji Yudha, sees the crypto asset market in Indonesia as showing extraordinary demand solidity.

Data from the Financial Services Authority (OJK) highlights significant growth in Quarter III this year, where the value of spot crypto transactions reached IDR 136.31 trillion in Quarter III, reflecting an increase of 16% from the previous quarter (IDR 117.52 trillion).

In addition, Indonesia's total transaction value of crypto assets (spots and derivatives) reached IDR 446.55 trillion during the January to September 2025 period, and the number of consumers of crypto assets in Indonesia was recorded at 18.08 million as of August 2025.