1. Crypto Transactions in Indonesia Drop 10.5% Amid Global Price Slumps
OJK reported crypto asset transactions fell to Rp29.24 trillion in January 2026, down from Rp32.68 trillion in December 2025.
The decline reflects global price weakness in major cryptocurrencies, though regulators noted consumer confidence remains intact, suggesting the downturn is cyclical rather than structural.
2. Bank Indonesia Intervenes as Rupiah Weakens Past Rp16,900/USD
The rupiah depreciated to around Rp16,917 per USD on 4 March 2026, pressured by Middle East conflict and higher oil prices.
Bank Indonesia intervened through spot, NDF, DNDF, and bond purchases to stabilize volatility and safeguard inflation expectations, signaling its readiness to defend currency stability despite external shocks.
3. IDX Composite Falls Nearly 5%, Hits Six-Month Low
The Jakarta Composite Index (JCI) dropped 4.86% on 4 March 2026, marking its steepest decline in months amid global risk-off sentiment.
Losses were broad-based across infrastructure, financials, and agriculture, though select small-cap stocks posted gains, showing fragmented investor behavior and highlighting pockets of speculative resilience.