Bitcoin (BTC) price broke through the $84,000 level at one point on the 12th. It has been experiencing significant fluctuations after plummeting to the $74,000 range on the 7th due to the impact of U.S. tariffs.
According to the global virtual asset market site CoinMarketCap on the 12th, BTC was traded at $83,356.04 as of 10:25 AM, up 5.44% from the previous day.
BTC price temporarily rose above $84,000 that morning. This is the first time BTC has exceeded $84,000 in about a week since the 5th of this month.
At the same time, Ethereum (ETH), the leading altcoin, recorded $1,561.96, up 3.41%. XRP rose 3.55% and was traded at $2.02 per coin. Solana (SOL) jumped 7.99% to $121.21.
On the domestic exchange Bithumb, BTC rose 1.33% from the previous day to 121,521,000 won. Upbit's price was up 0.05% to 121,508,000 won.
As the New York stock market rose, the virtual asset market also saw an upward trend. The Dow Jones Industrial Average rose 1.56%, the S&P 500 rose 1.81%, and the Nasdaq Composite, which focuses on tech stocks, closed up 2.06%.
Virtual asset prices have been experiencing sharp fluctuations along with the U.S. stock market due to the Trump administration's policy of imposing reciprocal tariffs. The Trump administration gave a 90-day grace period to countries other than China 13 hours after the individual tariff enforcement, while significantly raising tariffs on China to 145%. China has raised its tariff rate on U.S. imports from 84% to 125%, escalating the tariff war.
The rise in the New York stock market and Bitcoin price on this day is interpreted as investor anxiety somewhat subsiding as President Trump refrained from direct mentions of tariffs and reaffirmed his willingness to negotiate with China. Caroline Rabbit, White House spokesperson, said regarding trade negotiations with China, "President Trump has clearly stated that he is open to negotiations with China" and that "he is optimistic".
The Crypto Fear and Greed Index from the virtual asset data analysis company Alternative.me shifted to a "fear" state, rising 18 points to 43 points from the previous day. This index indicates that the closer it is to 0, the more investment sentiment is suppressed, and the closer to 100, the more market overheating is shown.
- Reporter Shin Jung-seop
- jseop@sedaily.com
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