Bitcoin, which plunged after Powell shock, rose slightly to recover $20,000
After the hawkish (preferring monetary tightening) remarks by Federal Reserve Chairman Jerome Powell, the U.S. central bank, Bitcoin, the leading cryptocurrency (virtual currency), rose slightly and recovered $20,000.
At 7:40 am on the 30th, on CoinMarketCap, a global coin market relay site, the price per 1 BTC (bitcoin unit) is trading at $21,185, up 1.31% from 24 hours ago. After recovering from $20,000 late the night before, it has fluctuated between $20,000 and $2,300.
Ethereum is trading at $1583 per 1 ETH (unit), up 4.91%, and Solana is trading at $32.00, up 2.13% per 1SOL (solana unit). Ripple traded at $0.33 per 1XRP (unit), down 0.13%.
At the same time, on the domestic cryptocurrency exchange Upbit, Bitcoin recorded 27.66 million won, up 2.10% from 24 hours ago.
Bitcoin, which plunged below $20,000 after Chairman Powell’s hawkish remarks, seems to be showing a slight recovery as a backlash is coming in.
Chairman Powell said in a speech at the Economic Policy Symposium held in Jackson Hole, Wyoming, on the 26th (local time), “We will continue aggressively raising interest rates for the time being, even if controlling inflation entails pain for households and businesses.”
The digital asset ‘Fear-Greed Index’ of Dunamu, which operates Upbit, a domestic virtual asset exchange, recorded 39.65 points and ‘Fear’ as of the 29th. Investor sentiment contracted at 34.13 points, ‘fear’, counted the previous day. The index closer to 0 means ‘very fear’, indicating a contraction in the market, and closer to 100, indicating a booming market as ‘very greedy’.