Cryptocurrency Market Declines, Bitcoin Drops to USD 97,434

The cryptocurrency market saw a widespread decline on Monday (February 3, 2025), with most major digital assets slipping into the red zone. According to data from CoinMarketCap, Bitcoin (BTC), the largest cryptocurrency by market capitalization, continued its downward trend.

Over the past 24 hours, Bitcoin has fallen by 3.31 percent and recorded a weekly drop of 4.48 percent. As of now, Bitcoin is trading at USD 97,434 per coin or approximately IDR 1.59 billion (assuming an exchange rate of IDR 16,280 per USD).

Ethereum (ETH) also suffered a significant drop, declining 8.85 percent in the last 24 hours and 10.97 percent over the past week. Currently, ETH is priced at IDR 46.7 million per coin.

Similarly, Binance Coin (BNB) has weakened, dropping 6.15 percent within a day and 6.95 percent over the week, now trading at IDR 10.07 million per coin.

Cardano (ADA) remains under pressure, plummeting 11.84 percent in a day and 15.86 percent in a week, with its current value at IDR 13,006 per coin.

Solana (SOL) is also facing declines, losing 5.91 percent in 24 hours and 15.25 percent over the week, trading at IDR 3.3 million per coin.

XRP saw substantial losses, sliding 12.94 percent in a day and 15.59 percent in a week, bringing its price to IDR 41,345 per coin.

Dogecoin (DOGE), the popular meme coin, suffered a sharp drop of 15.28 percent in 24 hours and 20.73 percent over the past week, currently priced at IDR 4,299 per token.

Amid this downturn, stablecoins such as Tether (USDT) and USD Coin (USDC) recorded slight gains of 0.06 percent and 0.01 percent, respectively, maintaining their price stability at USD 0.9999.

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