We don't know if the bullishness will happen after the official launch, but one thing is for sure, ordinary people who were previously afraid to get into crypto will be more emboldened because this is an exchange that is fully supported by the government. Good news will certainly have a positive impact on the market, we'll see what will happen later.
The market is warming up for 2024 bull run but the bullish start has yet begun. Indonesia is not a big country in cryptocurrency so this news is locally hot only and it does not create big impacts globally.
Indonesia is a country with a large population adopting crypto, you should read this article. The release of this national exchange will not only have a big impact locally but also globally. This news was also published not only locally, but global media also published this news, along with the media: