On the morning of the 9th, Bitcoin maintained a level of 100,000 dollars despite a downward trend, according to CoinMarketCap, a global cryptocurrency market platform. At 8:42 AM on that day, Bitcoin was trading at $100,362, marking a 1.05% drop compared to 24 hours prior. During the same time, Ethereum decreased by 0.91% to $3,407. Altcoins also followed a downward trend, with Ripple falling 1.63% to $2.28 and Solana dropping 2.52% to $158.32.
CoinMarketCap’s ‘Fear and Greed Index’ for the cryptocurrency market indicated a score of 25, remaining in the ‘fear’ stage. However, this was a slight increase from the 20 points recorded on the 5th when the market was shaken as Bitcoin fell below the $100,000 mark. The index suggests extreme fear as the value approaches zero, indicating potential overselling by investors.
In major domestic cryptocurrency exchanges, Bitcoin was trading in the low 150 million won range. On Upbit, Bitcoin saw a decline of 0.73%, trading at 152.73 million won, while on Bithumb, it was trading at 152.691 million won.
The prolonged uncertainty due to the ongoing U.S. federal government shutdown remains unresolved, attracting attention to the short-term adjustment of cryptocurrencies, including Bitcoin. As for the long-term outlook, there are variables to consider. On November 6th, Cathie Wood, CEO of Ark Invest and known for her optimistic views on cryptocurrencies, stated in a CNBC interview that her previous forecast of Bitcoin reaching $1.5 million by 2030 might be revised, potentially lowering the bullish projection by $300,000.