5 Bitcoin Facts Drop to Rp1.16 Billion as Oil Rises: This Impacts Crypto!

Jakarta, Pintu News – Bitcoin (BTC) corrected below Rp1.16 billion (≈$68,700) again amid surging oil prices and fading hopes of Middle East peace, fueling pressure on global crypto and cryptocurrency markets.

1. Bitcoin Drops Below $69,000

The price of Bitcoin (BTC) fell by more than 3% from its previous level above $71,000. If converted at an exchange rate of IDR16,958/USD, the current BTC price is around IDR1,165,000,000.

This decline shows that crypto is still highly sensitive to global macro sentiment. When uncertainty increases, investors tend to reduce exposure to risky assets.

Also Read: THR 2026 Allocation: Buy 22 Karat Gold Jewelry or Start Bitcoin (BTC) Installments?

2. Altcoin Joins Deeper Correction

Not only Bitcoin (BTC), a number of major altcoins are also under significant pressure. Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) fell by around 4% to 5%.

This confirms that cryptocurrency market movements are still moving in unison. When BTC weakens, altcoins usually experience a deeper correction.

3. Oil Price is the Main Trigger

A surge in oil prices of around 4% is the main factor for the current market pressure. This rise was triggered by rising geopolitical tensions and the risk of global energy supply disruptions.

High oil prices trigger fears of inflation, which then impacts monetary policy. As a result, risky assets like crypto become less attractive in the short term.

4. Stock and Crypto Markets Are Both Depressed

The pressure is not only on the crypto market, but also on global stocks. The Nasdaq index fell about 1.4%, while bond yields rose sharply.

Major tech stocks have also seen double-digit corrections from their peaks. This suggests that the pressure is broad-based and triggered by macro factors, not just the crypto sector.

5. Market Direction Still Depends on Geopolitics

Analysts think that the direction of the crypto market in the short term will be heavily influenced by geopolitical developments. If tensions ease, Bitcoin (BTC) has the potential to rally again.

However, if the conflict continues, the market is likely to move sideways with high volatility. This makes long-term and diversification-based investment strategies even more relevant.

Also Read: Gold Price Today vs Crypto Market: Which One Performs Better Amidst Global Geopolitical Conflicts?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Krisztian Sandor & James Van Straten/CoinDesk. Bitcoin slips below $69,000 as oil rebounds on fading Middle East peace hopes. Accessed March 27, 2026.