Crypto assets, the digital assets that utilize cryptography and blockchain technology to secure transactions and verify ownership, are a realm of potential and risk. They encompass cryptocurrencies like Bitcoin and Ethereum, stablecoins such as USDT, utility tokens for specific platforms, and even non-fungible tokens (NFTs) representing unique digital assets. Unlike traditional assets, crypto assets are decentralized, meaning they are free from the control of any central authority, such as a bank or government. Their value is highly volatile, influenced by market demand, technology adoption, regulatory developments, and investor sentiment. While they offer opportunities for high returns and innovation—especially in areas like decentralized finance (DeFi) and Web3—they also come with significant risks, including security threats, market speculation, and regulatory uncertainty. As such, investing in crypto assets requires not just a solid understanding of the underlying technology but also careful analysis and risk management to navigate the potential pitfalls.

In Indonesia, crypto assets have gained significant popularity in recent years, especially among younger investors seeking alternative investment opportunities outside traditional financial markets. The Indonesian government, through Bappebti (Badan Pengawas Perdagangan Berjangka Komoditi), officially recognizes crypto assets as tradable commodities, not as legal tender. Bappebti is the regulatory body responsible for overseeing and regulating the trading of crypto assets in Indonesia. This means that while cryptocurrencies like Bitcoin and Ethereum can be legally traded on registered exchanges, they cannot be used for everyday payments. As of 2025, Bappebti has approved dozens of crypto assets for trading and oversees the licensing of local crypto exchanges to ensure compliance and consumer protection. Interest in crypto is also driven by increased digital literacy, mobile trading platforms, and public enthusiasm for blockchain innovation, including the potential for token-based finance and Web3 development. However, the government continues to warn of the high risks associated with cryptocurrency investing, particularly due to its volatility and vulnerability to global market shocks, prompting the need for robust investor education and effective regulatory oversight.

As of June 18, 2025, here are some top gainers for crypto assets, including ICE at 13.37%, MAGIC at 8.02%, SNT at 7.15%, ALT at 6.48%, and KAIA at 5.16%. Other crypto assets have gains ranging from 0.09% to 3.67%. Meanwhile, the top losers for crypto assets include ZKJ at -12.47%, COMBO at -12.12%, PENGU at -11.14%, PONKE at -11.14%, RED at -10.89%, and other crypto assets with ranges from -0.06% to -10.67%.

The sharp gains and losses in crypto assets such as ICE (+13.37%), MAGIC (+8.02%), and SNT (+7.15%) among the top gainers, and ZKJ (-12.47%), COMBO (-12.12%), and PENGU (-11.14%) among the top losers, can be attributed to a mix of market sentiment, project-specific developments, and broader crypto dynamics. Positive returns are often driven by bullish news, such as new partnerships, ecosystem upgrades, or increased social media hype, particularly for projects in trending sectors like gaming, DeFi, or Layer 2 solutions. Technical breakouts and speculative momentum can also push prices higher, especially for low-cap tokens with limited liquidity. Conversely, negative returns may stem from profit-taking after previous rallies, negative news such as technical issues or regulatory concerns, or large sell-offs by early investors or whales. Broader influences, such as fluctuations in the prices of Bitcoin and Ethereum, macroeconomic signals, and changes in investor risk appetite, further amplify volatility, making rapid gains and losses common in the highly speculative cryptocurrency market.

Picture source: MNC Portal Indonesia, 2025 and https://infografis.okezone.com/detail/775248/jenis-koin-dan-aset-kripto-yang-dapat-diinvestasikan-di-indonesia, 2025