Crypto asset trading in Indonesia has experienced a significant surge following the transfer of regulatory oversight from the Commodity Futures Trading Regulatory Agency (Bappebti) to the Financial Services Authority (OJK) on January 10, 2025.
According to the latest OJK data, crypto transaction values reached IDR 44.07 trillion in January 2025, marking a 104.31% increase compared to January 2024 (IDR 21.57 trillion). Hasan Fawzi, Chief Executive for Supervision of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets at OJK, stated that the regulatory transition has been seamless and has positively impacted public interest in crypto investments.
Currently, 1,396 crypto assets are tradable in Indonesia. OJK has also licensed 19 entities in the crypto trading ecosystem, including one crypto exchange, one clearing institution, one custodial service provider, and 16 crypto asset traders. Additionally, 14 prospective crypto traders are undergoing licensing reviews.
To ensure market security and stability, OJK has established a joint Working Group with Bappebti under OJK Board of Commissioners Decision No. Cap 3/D07-2025. This team oversees regulatory coordination, licensing, supervision, and the transfer of documents and data from Bappebti to OJK.
OJK is also drafting cybersecurity guidelines for digital and crypto asset traders to strengthen system resilience and safeguard the digital asset ecosystem from cyber threats.
Global Trends & Market Catalysts
Indonesia’s rising crypto transaction volume coincides with bullish global momentum. Former U.S. President Donald Trump recently announced plans to create a strategic reserve for Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), sparking a price rally and heightened investor interest.
Bitcoin surged nearly 8% in a single day, reclaiming the 90,000 level after briefly dipping below 80,000. This sharp rebound reflects renewed bullish momentum, fueled by speculation around Trump’s proposed crypto reserve policy.
The rally followed Trump’s March 1 announcement of a national crypto reserve plan, which propelled Bitcoin from 85,000 to 95,000 (+12%). Upcoming events like the White House Crypto Summit (March 7), where Trump is expected to outline further crypto strategies, and new U.S. tariffs on Canadian and Mexican imports (25%) could reshape global market dynamics, including crypto.
Ramadan 2025: A New Chapter for Bitcoin?
Ramadan, a sacred month of reflection for Muslims worldwide, has historically seen subdued Bitcoin performance. Tokocrypto data shows Bitcoin declined by -5.29% (2021), -16.05% (2022), -1.99% (2023), and -4.09% (2024) during Ramadan.
However, Ramadan 2025 may break this trend. Bitcoin’s recent rebound and Trump’s pro-crypto agenda have injected optimism. According to Tokocrypto Analyst Fyqieh Fachrur, this Ramadan offers a unique opportunity for traders to refine strategies amid shifting market narratives.
Bitcoin Price Outlook: Can It Break the $100,000 Barrier?
Bitcoin is currently trading at 87,190 amid heavy spotmarketsell-offs. If bullish momentum persists, BTC could test resistance at 94,833. A breakthrough may trigger a rally toward 99,472, with a potential push past the psychological 100,000 threshold—a level last seen in February.
However, crypto markets remain highly volatile. Uncertainty ahead of the White House Crypto Summit could trigger erratic moves. If investor expectations fall short, Bitcoin risks a correction to $78,179.
While bullish indicators dominate, investors should stay vigilant. Market reactions to regulatory developments, geopolitical policies, and technical trends will dictate Bitcoin’s short-term trajectory.
Comments