JAKARTA - The crypto market started the last week of April 2026 with positive performance. In the last 24 hours, Bitcoin strengthened 2.35% to the level of US $ 79,300 or equivalent to Rp. 1.36 billion.
Meanwhile, the dominance of the BTC market rose to 60.66% with the total global crypto market capitalization also increasing 2.05% to 2.62 trillion US dollars.
In terms of price movements, Bitcoin was able to hold at around $79,000 after closing the previous week firmly above $78,000 (Rp1.34 billion), even reaching the highest level in the last 11 weeks.
According to Financial Expert Ajaib, Panji Yudha, one of the main driving factors is the inflow of funds (inflow) on the Bitcoin spot ETF in the US which has been going on for four consecutive weeks, with an additional 823.7 million US dollars last week.
The accumulation of institutions, which reached a total of 2.1 billion US dollars in the last eight days, also became a strong support for BTC to remain above the crucial support level of 76,000 US dollars (Rp1.3 billion).
However, the crypto market is expected to face high volatility this week. One of the main sentiments comes from the FOMC Meeting scheduled to take place on April 28-29.
Market participants are looking forward to the statement of Fed Chairman Jerome Powell, especially regarding the direction of future interest rate policy. Although the market expects interest rates to remain, uncertainty about the timing of the cut could potentially affect the direction of Bitcoin prices.
In addition, the first quarter financial reports from technology giants such as Microsoft, Alphabet, Meta Platforms, Amazon, and Apple are also a concern.
"Given the sharp correlation between BTC and Nasdaq to the level of 0.75, the financial performance and AI spending plans of these companies will have a direct impact on the movement of risky assets," said Panji.
Technically, Bitcoin still has the opportunity to continue its rally to the range of 80,000 to 82,000 US dollars (Rp1.37 - Rp1.41 billion) before the closing of April 2026, as long as the results of the FOMC meeting and the financial statements of technology companies are in line with market expectations.
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