Tensions Rise in the Middle East, Cryptocurrency Prices Fall Over the Past Month
Bitcoin at Approximately 142 Million KRW in Korea···Investor Sentiment Holding at ‘Neutral’, ‘[Edaily Reporter Kang Min-gu] The rising tensions in the Middle East have caused a drop in major cryptocurrency prices.’,
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, ‘According to CoinMarketCap, a global cryptocurrency market tracking site, as of 7:42 AM on the 22nd, the price of Bitcoin fell 1.31% compared to 24 hours ago, reaching $10,182. Compared to a week ago, it decreased by 3.44%. Ethereum, a representative altcoin (cryptocurrency other than Bitcoin), traded at $2,286, a drop of 4.65% from the previous day.’,
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, ‘The total market capitalization of cryptocurrencies is $3.13 trillion (approximately 4,300 trillion KRW), showing a continuous downward trend from $3.53 trillion over the past month.’,
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, ‘Previously, the New York stock market fell amid uncertainties regarding the timing of the U.S. Federal Reserve’s interest rate cuts and rising tensions in the Middle East. On the 20th (local time), the Dow Jones Industrial Average, a collection of blue-chip stocks, recorded 42,206.82, up 0.08% from the previous trading day at the New York Stock Exchange. On the other hand, the S&P 500, a large-cap benchmark, fell 0.22% to 5,967.84, and the tech-heavy Nasdaq index closed at 19,447.41, down 0.51%.’,
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, ‘In major domestic cryptocurrency exchanges, the price of Bitcoin has fallen to the 142 million KRW range. On Upbit, Bitcoin was traded at 142,001,000 KRW, down 1.36% from 24 hours ago, and Ethereum was traded at 3,193,000 KRW, down 4.91% from the previous day.’,
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, ‘On Bithumb, Bitcoin fell 1.42% to 142,021,000 KRW, while on Coinone, it recorded a decrease of 1.27% to 142,090,000 KRW.’,
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, ‘Meanwhile, the market sentiment level according to CoinMarketCap’s ‘Cryptocurrency Fear & Greed Index’ remained at the ‘Neutral’ stage with a score of 43. This index suggests that as the value approaches zero (0), the market is in an extreme fear state, causing investors to oversell, and as it approaches 100, the market is engulfed in greed, indicating a potential for market adjustment.’,
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