Welcoming Eid Al-Fitr, Upbit Shares Crypto Investment Strategy

Liputan6.com, Jakarta – Along with the increasing interest in crypto in Indonesia, this month of Ramadan also reflects an increase in crypto investment activity during the month of Ramadan.

In Ramadan 2023 there was a different movement in the Bitcoin (BTC) market, where the price of BTC experienced an increase and was traded at the level of USD 29,276 with a trading volume of around USD 16 billion.

Even though BTC experienced a price increase of 1.68%, there was a decrease in trading volume of 49.06%.

Upbit Indonesia's Chief Operation Officer, Resna Raniadi, explained that this year's Ramadan, his party saw a change in trend compared to the previous Ramadan period.

“This can be seen from the trend bullish Bitcoin that had time to print All-Time-High (ATH), and the market is optimistic about welcoming the Bitcoin Halving, as well as a number of sectors which are also believed to be moving positively this month,” said Resna in a press release, quoted on Sunday (7/4/2024).

In welcoming the approaching Eid al-Fitr, Upbit also shares tips and strategies for investors to maximize crypto investments. Meanwhile, the tips are as follows:

Plan Wisely

Resna said, before starting to invest in crypto during Eid al-Fitr, it is important to plan your investment strategy wisely, such as investment goals and investment risks that will occur.

Stay Aware of Market Volatility

According to Resna, holiday periods such as Eid al-Fitr can cause unexpected market volatility, investors must still be alert to rapid price changes and also diversify their portfolios to minimize risk.