5 Important Crypto News Today, Tokocrypto: Bitcoin Potentially Breaks US$116 Thousand

Of the 5 important crypto news today, the news that Tokocrypto predicts that the price of Bitcoin (BTC) could break US$116 thousand in the near future, is worth paying close attention to. Check this out in full!

1. Indonesia's Crypto Transactions Surge 4-Fold, Reaching IDR 650.61 Trillion in 2024

The first important crypto news is that the crypto industry in Indonesia is showing extraordinary numbers with transactions reaching IDR 650.61 trillion by 2024. This figure is almost four times that of the previous year which was only Rp149.25 trillion. This was conveyed by Tokocrypto recently in a statement, referring to the latest data from OJK.

Not only that, the number of crypto subscribers has also jumped to 22.91 million people, indicating a growing interest in digital assets. Positive global market conditions, such as Donald Trump's victory, the approval of crypto-based ETFs, and the growing adoption of crypto by large institutions, helped drive this surge.

In addition, more mature regulations in Indonesia provide a sense of security for local investors, creating a favorable climate for the industry to grow.

2. Bitcoin rises after Fed rate hold, market optimism strengthens

In other important crypto news, after the Fed decided to hold interest rates, Bitcoin (BTC) surged above US$105,000, signaling stronger market optimism. This decision also provided a breath of fresh air for other risky assets, such as Ethereum and XRP. Stable interest rates create a more attractive environment for investors to switch to riskier assets, such as crypto. In addition, inflows into the Spot Bitcoin ETF that reached US$120.4 million indicate that institutional investors' interest in Bitcoin is growing, supporting the long-term prospects for the crypto market.

3. Bitcoin's Potential to Break US$116,000 in the Near Future

Menurut Fyqieh Fachrur dari Tokocrypto, Bitcoin berpotensi menembus US$116.000 jika berhasil mempertahankan level di atas US$105.000. Dengan pola pergerakan bullish yang kuat, BTC bisa mencapai titik tertinggi baru dalam waktu dekat. Pola teknikal menunjukkan breakout dari pola bull flag, yang memperkuat ekspektasi kenaikan harga Bitcoin.

“Selain itu, minat yang semakin tinggi dari investor institusional turut memberikan dorongan positif terhadap harga BTC,” jelasnya.

4. Factors Supporting Bitcoin's Increase in 2025

In addition to stable interest rates, another factor in the context of important crypto news, which could support Bitcoin's rise according to him, is more crypto-friendly policies. One of them is the possibility of purchasing 1 million BTC by the US government in the next five years.

The establishment of the Strategic Bitcoin Reserve (SBR) by the US government is one of the issues that needs to be examined.

“With this policy, Bitcoin's supply and demand balance could change significantly, pushing prices higher. In addition, the Bitcoin Bill that proposes massive purchases by the US government will also affect the market and provide positive sentiment for investors,” he said again.

5. Crypto Innovation in Indonesia Will Continue to Grow

Tokocrypto, as a major player in the Indonesian crypto market, emphasizes the importance of innovation in maintaining the growth momentum of this industry. With various innovative products and maturing regulations, the future of the crypto industry in Indonesia is getting brighter.

The focus on developing new products and a more inclusive ecosystem is key to increasing the competitiveness of Indonesia's crypto industry in the global market. Innovation in the regulatory sector is also expected to create a more attractive investment climate for investors, supporting the sector's future growth.

With this very positive trend, the Indonesian and global crypto market will continue to grow, providing great opportunities for investors and industry players to profit.