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May 8 2026
The crypto market is seeing a wave of profit-taking as Bitcoin retreats from its multi-month highs, primarily triggered by renewed geopolitical uncertainty and a cooling of institutional inflows.
Core Market Performance
Bitcoin (BTC): Trading at approximately $79,888 (approx. Rp1.38 billion). After touching a high of $82,785 earlier this week, BTC has dropped about 1.43% in the last 24 hours. Despite the pullback, it remains up nearly 5% for the month of May.
Ethereum (ETH): Currently priced around $2,280 (approx. Rp39.5 million). ETH is following the broader market slide, down roughly 1.7% as it struggles to hold the $2,300 support level.
Market Snapshot: Total crypto market capitalization has dipped to $2.63 trillion, with Bitcoin dominance sitting at 60.9%.