#Jelajahcoin – Entering the last week of September 2023, #Bitcoin ($BTC ) is again stuck below the $27,000 USD mark.

Meanwhile, #Ethereum ($ETH ) is struggling to climb back to its position above the $1,600 USD level.

Last week, the crypto market was teetering between optimism and caution regarding the interest rate policy decision by the Federal Reserve.

Wednesday (20/9) the Federal Reserve made an important decision not to raise interest rates, holding the benchmark interest rate at the level of 5.25 – 5.50% in line with market expectations.

However, the Fed indicated they would remain hawkish and opened the possibility of increasing interest rates in the future.

The Fed is predicted to raise interest rates once again this year before cutting them twice in 2024 or around 50 bps.

This morning, Tuesday (26/9) the movement of crypto assets in the last 24 hours tended to be positive, with Bitcoin moving stagnantly trading at $26,550, up slightly by 0.18%.

Ethereum ($ETH) also rose 0.40% to $1,586. However, in the last 7 day period, BTC is still down 1.60% and Ethereum is also down 2.63%.

Meanwhile, most altcoins experienced increases in the last 24 hours according to CoinMarketCap on Tuesday (26/9), such as:

  • Frax Share (FXS) rose 5.45% to $5.70

  • Chainlink (LINK) rose 4.56% to $7.50

  • Maker (MKR) rose 3.67% to $1,325

Blockchain adoption is still continuing

Despite experiencing pressure from the macro side, adoption of the technology behind crypto assets, namely blockchain, is still continuing.

On Monday (18/9), the third largest banking institution in the US, Citigroup, announced the launch of a blockchain-based cross-border payment solution called Citi Token Services.

In addition, the global asset management company from Tokyo, Japan, Nomura Asset Management launched the Bitcoin Adoption Fund investment fund service which was announced on Tuesday (19/9).

Through its Laser Digital subsidiary, Nomura offers institutional investors a Bitcoin adoption investment fund that makes it easier to access the digital asset class.

Meanwhile, accumulation actions by Microstrategy continued amid market uncertainty.

MicroStrategy on Monday (25/9) announced that they purchased 5445 BTC worth $147.3 million.

With this latest purchase, MicroStrategy now owns approximately 158,245 BTC, acquired at a cost of approximately $4.68 billion.

This also strengthens it as the company with the largest Bitcoin holdings currently.

As for the country, the value of crypto asset transactions in Indonesia is showing impressive growth.

Data from the Ministry of Trade notes that the value of crypto transactions in August increased by 13.5% compared to the previous month, reaching IDR 10.64 trillion.