JAKARTA, KOMPAS.com - The cryptocurrency asset market in Indonesia is\nstill facing pressure amid the weakening prices of digital assets\nglobally. Nevertheless, interest in the crypto industry among investors\nis deemed to remain undiminished.<\/p>\n
This situation is reflected in the increasing number of crypto\nconsumers, as well as the more selective stance of institutional\ninvestors in taking investment positions.<\/p>\n
The Financial Services Authority (OJK) views the current decline in\ncrypto asset prices as part of a normal market cycle.<\/p>\n
During the April 2026 Monthly Commissioners\u2019 Meeting held on Tuesday\n(5\/5\/2026), the Executive Head of Supervision for Financial Sector\nTechnology Innovation, Digital Financial Assets, and Crypto Assets at\nOJK, Adi Budiarso, stated that the transaction decline is more\ninfluenced by the market normalisation process following the price surge\nafter the Bitcoin halving in 2024.<\/p>\n
\u201cThis is certainly a high base effect, not a fundamental weakening.\nThis condition is also in line with the global market, where the crypto\nmarket cap has fallen by around 45 percent from its all-time high of 4.2\ntrillion US dollars in October 2025 to around 2.3 trillion US dollars in\nMarch 2026,\u201d Adi said, quoted on Friday (8\/5\/2026).<\/p>\n
The value of domestic crypto asset trading in March 2026 was recorded\nto have decreased by 4.7 percent month-on-month, from Rp24.33 trillion\nin February 2026 to Rp22.24 trillion.<\/p>\n
Meanwhile, the total value of crypto asset trading transactions from\nJanuary to March 2026 reached Rp75.83 trillion.<\/p>\n
CEO of Tokocrypto, Calvin Kizana, said that the slowdown in domestic\ncrypto transaction activity cannot be separated from the global\npressures still looming over the risk asset market.<\/p>\n
\u201cWe see the slowdown in crypto transactions in March 2026 as more\ninfluenced by the increasing global risk-off sentiment. Investors are\ncurrently tending to be more cautious because volatility is still high,\ngeopolitical uncertainty is rising, and the direction of The Fed\u2019s\ninterest rate policy remains a primary market concern,\u201d Calvin\nstated.<\/p>\n
\u201cInvestors are not fully exiting the crypto market. What is happening\nis a shift in strategy. Some investors are starting to reduce exposure\nto more speculative assets and choosing more liquid or stable assets\nsuch as Bitcoin, Ethereum, stablecoins, and gold-based assets. This is\nmore accurately read as a wait-and-see phase,\u201d he added.<\/p>\n
OJK recorded that the number of crypto consumers in Indonesia as of\nMarch 2026 has reached 21.37 million accounts, a slight increase\ncompared to the previous month.<\/p>\n
This condition shows that public confidence in the digital asset\nindustry remains intact despite the market being in a consolidation\nphase.<\/p>\n
\u201cThere is still confidence from the public that the crypto market can\nprovide positive impacts on their investment portfolios. The increase in\nthe number of investors amid the consolidation phase indicates that many\npeople still see crypto as an opportunity to gain positive returns from\ntrading activities, which is ultimately hoped to help improve economic\nconditions and their quality of life,\u201d Calvin continued.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesian-crypto-investors-reach-21-37-million-despite-ongoing-market-turmoil-1778288169", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }