Bitcoin (BTC) Price Dropped Slightly Today, Still Above IDR 900 Million

Bittime - The price of Bitcoin (BTC) experienced a slight decline on Thursday (13 June 2024) compared to the previous day.

Based on data from CoinMarketCap, as of 10:00 WIB, the price of BTC was trading at IDR 907,944,388.61, down 0.26% from the previous day.

This decline occurred amidst still sluggish crypto market movements. Here are some factors that might influence the price of BTC:

Global Factors Affecting BTC Price:

• American Central Bank (The Fed) monetary policy: The Fed is predicted to raise its benchmark interest rate again at its meeting this June. Rising interest rates usually have a negative impact on the price of risky assets such as Bitcoin.
• Global economic uncertainty: Global economic conditions that are still unstable, such as high inflation and the threat of recession, can also affect investor sentiment towards crypto assets.
• War in Ukraine: The ongoing war in Ukraine is also one of the factors causing uncertainty in global markets, including the crypto market.
• Bitcoin Adoption: The more institutions and individuals who adopt Bitcoin as an investment asset or means of payment, the higher the demand and price of Bitcoin.
• Regulations: Regulations related to crypto in various countries are still developing. Positive regulatory clarity and certainty can encourage Bitcoin adoption and increase its price.

Local Factors Affecting BTC Price:

• Investor sentiment: Investor sentiment towards Bitcoin in Indonesia is still observed to be mixed. There are those who are optimistic that Bitcoin prices will rise again, but there are also those who are still doubtful and choose to wait and see.
• Regulations: Regulations regarding crypto in Indonesia are still unclear, so this can make investors hesitant to invest in Bitcoin.

BTC Price Technical Analysis

Based on technical analysis, BTC price is still in a sideways trend. This means that the BTC price is still moving within a certain range and has not shown a clear direction.

BTC Price Prediction

Some analysts predict that BTC prices will rise again in the near future. However, there are also those who predict that BTC prices will continue to move sideways for some time to come.

BTC Investment Tips

For investors looking to purchase Bitcoin, it is important to do research first and understand the risks involved. Invest only money you are willing to lose.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.