Bitcoin recently returned 36 million won. Bitcoin, which showed a sideways trend last week, is slowing down as it pays attention to the conclusion of the US debt ceiling negotiations, which are experiencing difficulties.
As of 8:50 am on the 23rd, Bitcoin recorded 35.92 million won, down 0.31% from 24 hours ago, on Bithumb, a domestic virtual asset exchange. At the same time, it was traded at 35.98 million won, down 0.27% on Upbit. CoinMarketCap, a virtual asset market relay site, showed $26,854, up 0.35% from 24 hours ago.
Ethereum rose slightly. At the same time, Ethereum recorded 2.43 million won, up 0.04% from Bithumb, and 2.43 million won, up 0.09% from Upbit. On CoinMarketCap, it traded at $1818, up 0.72%. Ethereum has the second largest market capitalization among altcoins (alternative coins), which are alternative virtual assets other than Bitcoin.
It is pointed out that the US debt ceiling negotiations, which the market is waiting for, should be concluded by the 26th at the latest. According to Market Watch on the 22nd (local time), Hite Capital market analysts pointed out that in order to avoid default (default) on the 1st of next month, the Biden government and the Republican Party must reach an agreement by the 26th.”
US President Joe Biden and US House Speaker Kevin McCarthy will meet at 6:30 am on the 23rd, Korean time, to resume debt ceiling negotiations.
On this day, the New York stock market showed a mixed trend, watching the possibility of default. The Dow fell 0.42% and the S&P 500 rose 0.02%. The Nasdaq, which is known to be closely linked to the virtual asset market, rose 0.5%.
Meanwhile, the ‘Fear/Greed Index’ compiled by Alternative, a global virtual asset data research company, recorded 50 points on the day, indicating a ‘Neutral’ level. This is an increase from the previous day (49, neutral). The index indicates that the market sentiment is closer to extreme fear as it approaches 0, and as it approaches 100, it means extreme optimism.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.