Bitcoin Gains Strength as Crypto Market Activity Revives

Indonesia’s crypto market came back to life in August, with trading on the Indodax platform reaching 8.7 trillion rupiah, a 16% increase from July’s 7.5 trillion rupiah.

The revival coincided with sharp gains across major digital assets. Bitcoin climbed 24.36% in one month, while Ethereum rose 32.01%, XRP 28.22%, Solana 41.33% and Hyperliquid, known by its HYPE token, surged 61.53%.

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The increase in transaction volume in August shows that market activity is beginning to strengthen again. Bitcoin’s momentum helped draw investor attention, while the growing number of investors shows that interest in crypto assets remains intact.

Aloysia Dian, Indodax’s chief marketing officer, said the stronger trading volume showed that investors were returning after a quieter period. “The increase in transaction volume in August shows that market activity is beginning to strengthen again. Bitcoin’s momentum helped draw investor attention, while the growing number of investors shows that interest in crypto assets remains intact,” she said.

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Bitcoin still plays a major role in shaping market sentiment and activity. When Bitcoin activity increases, attention toward other crypto assets can also strengthen. However, each asset has different characteristics and levels of risk.

Nationally, crypto transactions totaled 20.52 trillion rupiah in July 2026, while the number of digital financial asset consumers reached 22.93 million across Indonesia. Aloysia said the rally was spreading beyond Bitcoin, although she cautioned that each asset carries different characteristics and risks.

“Bitcoin still plays a major role in shaping market sentiment and activity. When Bitcoin activity increases, attention toward other crypto assets can also strengthen. However, each asset has different characteristics and levels of risk,” she said. Global sentiment also supported trading, but Aloysia warned that macroeconomic policy and liquidity could quickly change market conditions. She urged investors to assess their strategies carefully rather than rely only on short-term price movements.

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Improving global sentiment has also supported market activity, but conditions can still change with developments in global macroeconomic policy and liquidity.