Today's BTC & ETH Prices (IDR): Important Levels for Traders and What's Happening?

Monitoring the price of Bitcoin (BTC) and Ethereum (ETH) in Rupiah (IDR) is crucial for crypto traders in Indonesia. The price movements of these two largest digital assets can significantly impact trading decisions and investment strategies.

In this article, we will discuss the current prices of BTC and ETH, along with the key levels that traders should pay attention to.

Also Read: Taking Profit Strategies and How to Maximize Crypto Profits at Crypto Academy

Bitcoin (BTC) Price Today

Currently, the price of Bitcoin is around IDR 1,803,179,150. In the last 24 hours, Bitcoin has risen by 0.31%, with relatively high trading volume. For traders, paying attention to support and resistance levels is essential for making more accurate decisions.

Key Levels for Bitcoin

• Support: IDR 1,792,720,083
• Resistance: IDR 1,899,225,462
   

Breaking through the resistance level may indicate further potential for growth, while breaking through the support level could signal a potential price decline. Always use technical analysis to confirm these signals.

Ethereum (ETH) Price Today

Ethereum is trading at around IDR 64,341,807. The ETH price also shows an interesting price movement, with a daily range between IDR 63,493,869 and IDR 66,049,415. Ethereum's price movement is heavily influenced by factors such as DeFi adoption and the growing use of smart contracts.

Key Levels for Ethereum

• Support: IDR 63,493,869
• Resistance: IDR 66,049,415
   

Understanding these levels can help make better trading decisions. Always consider both fundamental and technical factors before making a trade.

Also Read: What is Meme Coin: Definition, Advantages, and Disadvantages

What is Happening in Crypto Today?

Tether Reaches 500 Million Users

Tether (USDT) has just reached a milestone by serving 500 million users worldwide. Tether's CEO, Paolo Ardoino, stated that this achievement demonstrates the real impact of USDT in global financial inclusion.

With a total supply of around $182 billion, USDT now dominates over 60% of the stablecoin market, far outpacing competitors like USDC from Circle.

Federal Reserve Considers "Payment Account" for Fintech and Crypto

Federal Reserve Governor, Christopher Waller, proposed the creation of limited "skinny master accounts" that would allow fintech and crypto companies to access the US central bank's payment infrastructure directly.

This step aims to reduce access barriers to the payment system and encourage innovation in the digital financial sector.

Coinbase Acquires Echo for $375 Million

Coinbase announced the acquisition of crypto investment platform Echo for approximately $375 million. The acquisition aims to expand Coinbase's ability in on-chain fundraising, enabling the community to invest in early-stage crypto projects through Echo's Sonar platform.

Conclusion

Monitoring BTC and ETH prices in IDR and understanding their key levels is highly beneficial for traders aiming to maximize their profits.

Additionally, recent developments such as Tether's milestone, Federal Reserve's proposal, and Coinbase's acquisition demonstrate positive dynamics in the global crypto ecosystem. With accurate information, you can make more informed and strategic trading decisions.

To start trading Bitcoin and Ethereum safely and reliably, visit Bittime Exchange to start trading now. Also, get the latest crypto news at Bittime Blog.

How to Buy Crypto on Bittime

Want to trade and sell buy Bitcoin and easily invest in crypto? Bittime is here to help! As a licensed crypto exchange in Indonesia, Bittime ensures every transaction is safe and fast.

Start by registering and verifying your identity, then deposit a minimum of IDR 10,000. After that, you can directly purchase your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to see today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and investment tips for digital assets designed to enrich your knowledge in the crypto world.

FAQ

What affects the price of Bitcoin and Ethereum?

The price of these two assets is influenced by factors such as market demand, institutional adoption, and developments in blockchain technology.

What are support and resistance levels in trading?

Support is the price level where an asset tends to stop falling, while resistance is the price level where an asset tends to stop rising.

How to predict the price movements of BTC and ETH?

Price predictions for BTC and ETH can be made using technical analysis, examining price charts, and monitoring significant news related to the crypto market.

Is BTC or ETH better for long-term investment?

Bitcoin is often seen as a long-term store of value, while Ethereum focuses more on applications and smart contracts, which can offer higher growth potential.

How to buy BTC and ETH in Indonesia?

You can buy BTC and ETH through licensed platforms in Indonesia, such as Bittime Exchange.