Cryptocurrencies (virtual currencies) such as Bitcoin, which had plummeted the day before, stopped the downtrend and succeeded in reversing the uptrend.
According to CoinDesk, a media specializing in cryptocurrencies, Bitcoin recorded $48,525, up 3.54% from 24 hours ago at 7 am (Korean time) on the 15th.
Bitcoin plunged more than 7% to the $46,000 level yesterday on concerns that the US Federal Reserve would raise interest rates faster than initially expected.
Bitcoin stopped the downward trend and succeeded in reversing the upward trend. It is believed that this is because cryptocurrency investors stopped selling in the hopes of watching the Fed’s interest rate policy meeting, the Open Market Committee (FOMC), for now.
Not only Bitcoin, but also other cryptocurrencies have succeeded in a reversal. Ethereum, the second largest by market cap, is trading at $3,850, up 2.42% from 24 hours ago.
Solana is up 5.03%, Ripple is 4.89%, Cardano (Ada) is 2.92%, respectively.
At the same time, on Upbit, a Korean trading site, Bitcoin is trading at 59,837,000 won, up 2.07% from 24 hours ago.
Ethereum rose 0.70%, Ripple 3.36%, Solana 2.21%, and Ada (Cardano) 2.60%, respectively.
