The majority of cryptocurrency prices rallied overnight. The fastest rally was led by XRP with a gain of 22.36 percent, followed by other digital currencies, including cardano, terra, bitcoin, BNB, and ethereum.
Quoting coinmarketcap, Tuesday (8/2), the price of XRP is US$ 0.8273 per coin. Over the past week, XRP has climbed 34.75 percent.
Then, cardano shot up 9.84 percent in the last 24 hours or 18.56 percent in a week. Now, cardano is priced at US $ 1.25 per chip. Not to forget terra with an increase of 8.29 percent to US $ 59.14 per chip. Terra has soared 15.59 percent in the past week. BNB also climbed 4.27 percent to US$432.77 per chip. Meanwhile, bitcoin, the cryptocurrency with the highest market capitalization, increased 5.15 percent to US$43,908 per chip. Bitcoin made the mark with a 14.51 percent gain in the past week.
Ethereum trailed by 4.42 percent growth to $3,136 per chip. Ethereum grew 16.68 percent in the past week. Unfortunately, among the gleam of crypto prices, there are still two lukewarm digital coins. The movement is stagnant tends to weaken. Namely, tether and USD coin. Both are priced at US$1 per coin and US$0.9993 per chip, respectively.
In Indonesia, crypto assets are still prohibited as a means of payment. 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.
Currently, crypto assets are regulated by the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade through CoFTRA Regulation Number 8 of 2021 concerning Guidelines for Trading Physical Markets of Crypto Assets (Crypto Assets) on the Futures Exchange.