Swedish Consulate – On August 20, 2024, the prices of Bitcoin and other major cryptocurrency exhibited a uniform trend. Most of the top cryptocurrencies were observed to be in the red zone. According to Coinmarketcap data, Bitcoin (BTC), the cryptocurrency with the largest market capitalization, remains weak. Bitcoin has decreased by 0.60% over the past 24 hours and 0.03% over the past week.
Top Cryptocurrencies Price Updates Today
- Bitcoin is priced at USD 59,105 or approximately IDR 917 million (assuming an exchange rate of IDR 15,529 per USD).
- Ethereum (ETH) has also experienced a decline. ETH fell by 1.09% in the last 24 hours and 2.68% over the week, placing it at IDR 40.7 million per coin.
- Binance Coin (BNB) has seen an increase. Over the last 24 hours, BNB rose by 3.64% and 8.36% over the week, bringing its price to IDR 8.64 million per coin.
- Cardano (ADA) remains in the red zone. ADA decreased by 0.81% in the past 24 hours but increased by 0.16% over the week. It is now priced at IDR 5,213 per coin.
- Solana (SOL) has also weakened. SOL corrected by 0.83% over the day but saw a slight increase of 0.05% over the week, with its price at IDR 2.23 million per coin.
- XRP is in the green zone. XRP surged by 4.59% in the last 24 hours and 6.54% over the week, now priced at IDR 9,291 per coin.
- The meme coin Dogecoin (DOGE) has declined. DOGE dropped by 0.82% in the last day and 5.59% over the week, trading at IDR 1,563 per token.
- Stablecoins Tether (USDT) and USD Coin (USDC) both saw a slight increase of 0.01%, maintaining their price at USD 1.00.
- Binance USD (BUSD) also increased by 0.01% in the past 24 hours, keeping its price at USD 1.00.
The total cryptocurrency market capitalization today stands at USD 2.09 trillion, approximately IDR 32.457 trillion, showing a decline of around 0.37% over the last day.
Disclaimer: Investment decisions are the responsibility of the reader. Study and analyze before buying and selling cryptocurrencies. Swedish Consulate Media is not responsible for any profits or losses resulting from investment decisions.
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Rising Popularity of Crypto Assets
PT BSC has been in the process of obtaining a PFAK license since July 2023 to ensure the integration of physical crypto asset trading with CFX as the Futures Exchange for market reporting and oversight. KKI (Indonesian Commodity Clearing) as the Clearing Institution for futures commodity trading for clearing and transaction settlement guarantees. ICC (Indonesian Coin Custodian) for the management of crypto asset storage.
“We have undergone these essential processes as a commitment and responsibility of Pluang to provide a secure and regulated cryptocurrency trading experience for our customers across various demographics and professions,” said the spokesperson.
With the growing popularity of cryptocurrency trading as an investment tool for retail investors in Indonesia. Pluang aims to encourage the public to be more prudent in investing. Particularly in setting investment goals and understanding their chosen assets.
“The rise in popularity of cryptocurrency trading also inspires us to consistently provide education to investors and traders. We are committ to delivering a range of educational content through various communication channels. Presented as informatively and relevantly as possible, both online and offline, and designed to enhance users’ skills and understanding of prudent investing,” stated Stella Lukman.
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