Amid the New York stock market's mixed closing due to the US economic negative growth shock in the first quarter, Bitcoin (BTC) is hovering around the $94,000 range.
According to the global virtual asset market site CoinMarketCap on the 1st, BTC was traded at $94,135.75 as of 8 am on the same day. This is a 0.06% decrease from the previous day. At the same time, Ethereum (ETH), the leading altcoin, recorded a 0.16% increase at $1,795.92. XRP dropped 2.05% and was traded at $2.19 per coin. Solana (SOL) recorded a 0.64% decline at $147.12.
Major virtual asset prices also slightly rose on domestic exchanges. On Bithumb, BTC recorded 135,797,000 won, up 0.35% from the previous day. ETH and XRP both showed around 1% increase, trading at 2,589,000 won and 3,165 won respectively.
On this day, the New York stock market closed mixed as the US accepted its negative economic report for the first quarter. On the 30th local time, the Dow Jones Industrial Average rose 0.35%, and the S&P 500 rose 0.15%. In contrast, the Nasdaq Composite, which focuses on tech stocks, fell 0.09%.
After the US Department of Commerce announced that the first quarter GDP growth rate (preliminary) was -0.3% quarter-on-quarter on an annual basis, the market initially showed a downward trend but soon stabilized. This is the first time the US quarterly GDP has experienced negative growth since the first quarter of 2022.
The Crypto Fear and Greed Index by alternative asset data analysis company Alternative.me dropped 4 points from the previous day to 56 points, indicating a "greed" state. The lower the index is close to 0, the more contracted the investment sentiment, while closer to 100 indicates market overheating.
- Reporter Shin Jung-seop
- jseop@sedaily.com
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