Citing coinmarketcap.com, Thursday (7/4), Solana corrected 9.79 percent in the last 24 hours to a level of US$113.43 per chip. Meanwhile, the cryptocurrency has weakened 7.16 percent in the last 7 days.
The weakening was followed by terra (LUNA) which was 7.96 percent in the last 24 hours. Now, a crypto with a capitalization value of US $ 38.12 billion is at the level of US $ 107.77 per chip.
Then, avalanche (AVAX) also weakened 8.59 percent in the last 24 hours to $ 82.83 per chip, and Cardano (ADA) weakened 8.14 percent in the last 24 hours to as low as $ 1.05 per chip.
Ripple (XRP) also suffered a similar fate. The crypto asset slumped 5.67 percent in the last 24 hours to $0.76 per chip.
Then, the Binance coin (BNB) is down 4.71 percent in the last 24 hours, Ethereum (ETH) is down 5.21 percent in the last 24 hours, and bitcoin (BTC) is down 4.66 percent in the last 24 hours.
Meanwhile, the USD coin (USDC) edged down 0.06 percent in the last 24 hours. The crypto asset landed as low as US$0.99 per chip.
Only tether (USDT) has been stagnant in the last 24 hours at US$1 per chip. Likewise, if you look at the last week, where the tether is still at the level of US $ 1 per chip.
Crypto is still prohibited as a means of payment in Indonesia. However, crypto is a commodity futures exchange, so it doesn’t matter as long as it is used as an investment or as a commodity traded by market participants.
Crypto money is regulated by the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade through CoFTRA Regulation No. 2 of 2019 concerning the Implementation of the Physical Commodity Market on the Futures Exchange.
In addition, crypto rules are also listed in CoFTRA Regulation Number 8 of 2021 concerning Guidelines for the Implementation of Crypto Asset Physical Market Trading on the Futures Exchange.
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