Domestic Crypto Transactions Fall in Early Year, OJK Reveals Causes

JAKARTA — The Financial Services Authority (OJK) recorded that crypto asset transactions in January fell by 10.56 per cent month on month, in line with declines in the prices of several major crypto assets. Hasan Fawzi, Head of the OJK Executive for Innovation in the Financial Sector, Digital Assets, and Crypto Assets, said that the value of crypto transactions in January 2026 reached Rp 29.24 trillion, lower than the Rp 32.68 trillion recorded in the previous month. ‘The decline is in line with the fall in prices of a number of major crypto assets,’ he said at an OJK February 2026 RDKB press conference at the agency’s office in Jakarta, on Tuesday 3 March 2026. The figure rose 2.56 per cent month on month from December 2025, which had 20.19 million consumers. He said the rise in the number of consumers indicates that consumer confidence in the digital financial asset ecosystem, including Indonesian crypto assets, remains well maintained. For information, in January 2026 the crypto market moved to weaken. Based on CoinMarketCap data on 29 January, Bitcoin price stood around USD 88,986, down about 0.32 per cent in the last 24 hours. In the last seven days, Bitcoin price weakened 0.99 per cent, while on a monthly basis it still recorded a 2.14 per cent gain. However, over a 90-day horizon, BTC had corrected quite deeply by 18.32 per cent. Bitcoin’s dominance in the global crypto market remained strong at 58.94 per cent, with a circulating supply of 19.98 million BTC out of a maximum supply of 21 million BTC. Pressure also appeared on other major crypto assets. Ethereum (ETH) fell 0.62 per cent to USD 3,003, Solana (SOL) fell 1.52 per cent to USD 124.66, followed by Dogecoin (DOGE) which weakened 1.05 per cent to USD 0.124. TRON (TRX) also weakened 1.31 per cent to USD 0.2794. Investors sought safe-haven assets such as gold and the USD, pulling the crypto market into sharp volatility. Citing CoinMarketCap on Wednesday 4 February 2026 at 08:30 WIB, Bitcoin (BTC) traded at USD 68,647.33, down 0.54 per cent. Pressure also hit other large-cap crypto assets. Ethereum (ETH) fell 2.16 per cent to USD 1,987. Meanwhile, BNB fell 0.42 per cent to USD 634.89, XRP corrected 1.64 per cent to USD 1.366, and TRON (TRX) weakened 1.31 per cent to USD 0.2794.