Bitcoin moves sideways at 21 million won amid continued global economic downturn concerns
The cryptocurrency market as a whole is showing a bearish trend, with prices showing a downward trend. It is interpreted that the price of virtual currency is affected by the shrinking investor sentiment due to the uncertainty of the economic recession due to the austerity stance that will continue into the next year.
As of 9:08 am on the 22nd, Bitcoin (BTC) is trading at 21.53 million won, down 0.51% from 24 hours ago, on CoinMarketCap, a global coin market relay site.
Ethereum, the second largest coin by market cap, is trading at 1.55 million won, down 0.36% from the previous trading day.
At the same time, on the domestic virtual asset exchange Upbit, Bitcoin rose 0.03% to 21.95 million won. Ethereum is trading at 1.58 million won, up 0.03%.
Binance Coin (BNB), the 5th largest market cap, fell 2.15% to $246. Upbit does not support BNB KRW transactions.
Meanwhile, at the same time, Bitcoin is trading at 21.94 million won, up 0.01% from the previous day’s closing price. Ethereum rose 0.00% to 1.58 million won.