Bitcoin (BTC) is attempting to break through the $85,000 level. BTC price had plummeted to the $70,000 range due to the tariff war from the United States at the beginning of this month, but recently has been showing a steady trend around $84,000.
According to CoinMarketCap, a global virtual asset market site, as of 8 AM on this day, BTC was trading at $84,769.34, up 0.36% from the previous day. At the same time, Ethereum (ETH), the leading altcoin, recorded $1,582.17, down 0.33%. XRP dropped 1.75% and was trading at $2.06 per coin.
Major virtual asset prices on domestic exchanges are showing similar trends. On Bithumb, BTC recorded 122,607,000 won, up 0.64% from the previous day. ETH rose 0.44% to 2,285,000 won, and XRP fell 0.27% to 2,985 won.
BTC price had dropped to the $74,000 range due to the tariff war initiated by the Trump administration on the 7th of this month, and after repeated rebounds, it even rose to the $86,000 range on the 15th. Since then, it has been fluctuating between $83,000 and $85,000.
Last night, the New York Stock Exchange closed in mixed trading as Trump pressured to potentially dismiss Federal Reserve Chair Jerome Powell. This was due to Powell's reserved stance on interest rate cuts the previous day, expressing concerns about inflation from the Trump administration's tariff policies. The Dow Jones Industrial Average fell 1.33%, the S&P 500 rose 0.13%, and the Nasdaq declined 0.13%.
The Crypto Fear and Greed Index from virtual asset data company Alternative.me remained in a "fear" state at 30 points, up 1 point from the previous day. This index indicates that the closer it is to 0, the more constrained the investment sentiment, while closer to 100 indicates market overheating.
- Reporter Shin Jung-seop
- jseop@sedaily.com
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