Crypto Master Compact Loses, Bitcoin Most Vanishes

tim | CNN Indonesia

Thursday, May 25 2023 11:00 WIB

Jakarta, CNNIndonesia —

The price of the majority of assets crypto- with capitalization market the largest fell in trading Thursday (25/5) morning. Bitcoin saw the sharpest drop in the top crypto ranks.

Collect coinmarketcap, Bitcoin plunged 3.6 percent to a price of US$26,180 per chip. The weakening of the King of Coins was followed by other heroes.

Ethereum, the coin with the second largest market capitalization, also fell 3.4 percent to US$1,781 per coin.

Meanwhile, BNB corrected 2.7 percent to US $ 311 per coin. XRP also fell 2.2 percent to US$0.442 per coin. The Cardano is priced at US$0.359 per coin after slipping 2.4 percent.

Dogecoin tumbled 3.3 percent to a price of US$0.070 per chip. Polygon also fell 2.2 percent to a price of US$0.865 per chip, then Solana withered to a price of US$19.2 per coin due to a 3.1 percent decline.

Tether and USD Coin which are stable coins, are still loyal to the price of US $ 1 per chip. Both fluctuated slightly below 1 percent.

The government still prohibits the use of crypto as a means of payment. However, crypto is a futures exchange commodity, so it can be used as an investment asset or a commodity traded by market participants.

Crypto assets are regulated by the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade through CoFTRA Regulation No. 2 of 2019 concerning the Implementation of Commodity Physical Markets on Futures Exchanges.

Crypto rules are also listed in CoFTRA Regulation Number 8 of 2021 concerning Guidelines for Organizing Crypto Asset Physical Market Trading on Futures Exchanges.

(pta/pta)