‘Decoupling’ with cryptocurrency Nasdaq… Japanese plunge


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Current major cryptocurrency market conditions at this time – Take a look at CoinMarketCap

Major cryptocurrencies (virtual currencies) are falling all at once, with Bitcoin plunging nearly 5% even though the Nasdaq rose 0.5%.

On the 3rd at 7:00 am (Korean time), on CoinMarketCap, a global coin market relay site, Bitcoin recorded a record of $36,865, a 4.88% drop from 24 hours ago.

Bitcoin is trading between a high of $38,858 and a low of $36,832 on the day.

Recently, Bitcoin has been coupled (synchronized) with the Nasdaq, a technology stock gathering in the US stock market.

It is not yet clear why Bitcoin is plummeting.

In addition to Bitcoin, Ethereum, the second-largest market cap, is down 5.27% from 24 hours ago to $2,640. Binance Coin, the 4th largest by market cap, is down 4.83%, and Cardano, the 6th largest by market cap, is down 4.53%, respectively.

Current domestic market conditions of major cryptocurrencies at this time – Upbit Capture

At the same time, on Upbit, a Korean trading site, Bitcoin is trading at 45,846,000 won, down 4.01% from 24 hours ago.

Ethereum is down 4.33%, Ada (Cardano) 3.64%, Solana 7.91%, and Ripple 3.74%, respectively.

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