Strengthening 2 Digits, Following is VRA Coin's Crypto Performance Today March 21 2024

The price of Bitcoin strengthened again until it touched USD 68,000 or the equivalent of IDR 1 billion (assuming an exchange rate of IDR 15,648 per US dollar) after the United States (US) central bank, The Federal Reserve (The Fed) again held the benchmark interest rate at the level of 5.25-5. .50% for the fifth time in a row.

Reporting from Bitcoin.com, Thursday (21/3/2024), the Fed also emphasized that they would wait for more supporting data before cutting the benchmark interest rate.

Previously, the price of Bitcoin was corrected to reach the level of USD 60,000 or the equivalent of IDR 938.7 billion after touching a new high of above USD 73,000 or the equivalent of IDR 1.14 billion on March 14 2024.

Currently, the crypto market is busy with a trading volume of USD 207 billion or the equivalent of IDR 3,238 trillion, with BTC trading contributing USD 72.93 billion or the equivalent of IDR 1,141 trillion to this figure.

Not far behind, USDC Circle ranked as the fourth most traded bitcoin pair, while the Korean won took fifth place, accounting for 3.36% of the day's global transactions. The leading spot bitcoin exchanges based on volume are Binance, Coinbase, Bybit, Okx, and Upbit.

Average PriceMeanwhile, the global weighted average price of BTC reached USD 67,631 or around IDR 1 billion per unit, on the South Korean crypto trading platforms Upbit and Bithumb.

On Wednesday, derivatives exchanges saw a large number of short sellers face setbacks, with USD 151.69 million or the equivalent of Rp. 2.3 trillion in Bitcoin short positions liquidated.