Bitcoin $47,389, Stopped Down… Day-to-day ratio 2%↑

Global cryptocurrency market situation site CoinMarketCap capture

[이데일리 이대호 기자] Bitcoin, the No. 1 cryptocurrency by market capitalization, broke the continued downward trend. Both domestic and global showed a slight upward trend compared to the previous day. Major cryptocurrencies such as Ethereum, Tether, Solana and Cardano also rose from the previous day.

According to CoinMarketCap, a global cryptocurrency market site on the 2nd, at 8:20 a.m. on the same day, Bitcoin was $47,389 (about 56.41 million won), up 2.01% from the previous day. 7 days ago, the price did not recover. It is down 6.25%. The same goes for Ethereum, Solana, and Cardano, which are the top players by market cap. Tether alone showed a 0.03% increase compared to 7 days ago.

At the same time, the domestic price of Upbit Bitcoin is 57.63 million won. It was up 1.5% from the previous day. All of the top 10 cryptocurrencies by trading volume are on the rise.

Swipe, the No. 1 altcoin by trading volume, rose 9.85% from the previous day to 2,730 won. Among the top 10 cryptocurrencies by trading volume, Kava showed a large increase of 12.59% compared to the previous day at 5,450 won. Among the cryptocurrencies in the top 20 by trading volume, Bora is the only one that is falling. 1210 won, down 0.82% from the previous day.

Meanwhile, the outlook for cryptocurrency this year is mixed. Chris Brown, founder of Aristides Capital, predicted in a media interview that “cryptocurrencies could face a massive sell-off as the US Federal Reserve (Fed) ends asset purchases and raises interest rates three times next year.” Tom Lee, managing partner of Strat Global Advisors, said in a recent interview that “Bitcoin is not dead,” and was optimistic about the possibility of breaking through the $100,000 mark.

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