Bitcoin Falls… Investor Sentiment Shrinks Ahead of US Fed Interest Rate Announcement [Decenter Market Status]

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Here is the English translation: Bitcoin (BTC) fell as investors became more cautious ahead of the Federal Reserve's (Fed) interest rate decision. The impact of US President Donald Trump's tariff policy and the weakness in the New York stock market have dampened sentiment in the virtual asset market. According to the global virtual asset market tracking site CoinMarketCap, Bitcoin (BTC) was trading at $82,401.88, down 1.99% from the previous day, as of 8 am on the 18th. Ethereum (ETH), the leading altcoin, also fell 0.78% to $1,917.88 at the same time. Solana (SOL), which was recently listed on the Chicago Mercantile Exchange (CME) futures market, fell 3.09% to trade around $125. SOL has become the third virtual asset to be listed on the regulated futures market after BTC and ETH, but is undergoing short-term adjustments amid market uncertainty. The decline in the New York stock market also added pressure to the virtual asset market. On this day, the Dow Jones Industrial Average closed at 41,581.31, down 260.32 points (-0.62%) from the previous trading day. The S&P 500 index fell 60.46 points (-1.07%) to 5,614.66, and the Nasdaq index, centered on tech stocks, also closed at 17,504.12, down 304.54 points (-1.71%). In the domestic major exchanges, major virtual assets showed a strong upward trend. At the same time, BTC recorded 12,099,700 won, up 0.65% from the previous day, ETH rose 1.15% to 2,815,000 won, XRP rose 0.96% to 3,348 won, and SOL rose 1.49% to 183,600 won. WEMIX, which was designated as a caution item at major domestic exchanges due to a hacking incident worth about 9 billion won and fell to the 600 won range, has recovered to the 800 won level. At the same time, WEMIX was trading at 815 won, down 0.49% from the previous day. This is interpreted as the influence of Bithumb, Coin, Coinbit, and Gopax postponing the decision on the delisting of WEMIX by a month. Meanwhile, the Crypto Fear and Greed Index of the virtual asset data analysis company Alternative.me recorded 34 points, maintaining a 'fear' state. This index means that investment sentiment is depressed when it is close to 0, and the market is overheated when it is close to 100.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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