Bitcoin Price Reaches IDR 845.4 Million but Predicted to be Sluggish, Investors Aim at Altcoins

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The prices of Bitcoin and other top cryptocurrencies were observed to experience uniform movements on Tuesday (27/2/2024). The majority of top cryptocurrencies were observed to be in the green zone again.

Based on data from Coinmarketcap, the cryptocurrency with the largest market capitalization, Bitcoin (BTC), is strengthening again. Bitcoin rose 5.52 percent in 24 hours and 5.09 percent for the week.

Currently, the price of Bitcoin is at USD 54,621 or the equivalent of IDR 853.9 million (assuming an exchange rate of IDR 15,635 per US dollar).

Ethereum (ETH) is still strong. ETH rose 2.54 percent in the past day and 7.61 percent in the week. That way, currently ETH is at the level of IDR 49.7 million per coin.

The next crypto, Binance coin (BNB) also strengthened. In the last 24 hours BNB rose 2.92 percent and 13.54 percent for the week. This makes BNB priced at IDR 6.27 million per coin.

Then Cardano (ADA) was back in the green zone. ADA flew 4.05 percent in the last 24 hours, but is still down 2.54 percent on the week. That way, ADA is at the level of IDR 9,637 per coin.

Meanwhile, Solana (SOL) has strengthened again. SOL rose 6.16 percent in a day, but still weakened 1.94 percent in a week. Currently, the price of SOL is at the level of IDR 1.71 million per coin.

XRP was observed to be in the green zone again. XRP rose 1.18 percent in 24 hours, but still fell 2.76 percent on the week. In this way, XRP is now priced at IDR 8,602 per coin.

Meme coin Dogecoin (DOGE) is still strengthening. In the last day DOGE rose 3.52 percent and 0.29 percent a week. This makes DOGE trade at IDR 1,396 per token.

Stablecoin Tether (USDT) and USD coin (USDC) both strengthened 0.01 percent today. This means that the prices of both of them remain at the USD 1.00 level

Meanwhile, Binance USD (BUSD) strengthened 0.01 percent in the last 24 hours, leaving its price still at the USD 1.00 level.

Meanwhile, today’s overall crypto market capitalization is at USD 2.09 trillion or the equivalent of IDR 32,677 trillion.