Bitcoin Falls to IDR 1.45 Trillion, Global Investors Turn to Safe Haven Assets

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JAKARTA - The price of Bitcoin (BTC) has weakened again in the last 24 hours, falling by about 2.75% to US$86,850 or equivalent to Rp1.45 billion.

This decline occurred after BTC failed to break through the 50-day moving average (MA-50) line last week, showing that Bitcoin (BTC.D) dominance is now at 59.85 percent.

Financial Expert Ajaib, Panji Yudha, assessed that the weakening of the Bitcoin price was triggered by a combination of technical pressure, large fund outflows from ETF products, and increasing global macroeconomic uncertainty.

"Bitcoin ($BTC) has corrected to the level of 86,000 US dollars as macro uncertainty increases and market sentiment shifts to the Extreme Fear zone," Panji said in his statement.

Panji added that pressure on Bitcoin also came from global factors, especially the increasing concern about the trade war after US President Donald Trump threatened to impose a 100% tariff on goods originating in Canada.

"The emergence of new concerns related to the trade war after President Trump threatened to impose a 100% tariff on Canadian goods, making investors tend to switch to traditional safe haven assets," added Panji.

Looking ahead, according to Panji, market attention will be focused on the results of the Federal Open Market Committee (FOMC) meeting on January 28. Based on CME FedWatch data, the probability of the Fed holding interest rates is 97 percent.

In addition, the market is also overshadowed by the potential for a US government shutdown on January 31, with a 78 percent chance according to Polymarket data.

"The combination of political tensions in Washington and the Fed's monetary policy direction has the potential to trigger large volatility in Bitcoin prices in the next few days," concluded Panji.