[뉴욕 코인시황/마감] Major stocks closed with rising trend … Bitcoin $34703, Dogecoin continued to surge

[뉴욕=박재형 특파원] In the cryptocurrency market on the 29th (local time), while major stocks maintained an uptrend, declining stocks among small and medium-sized stocks increased.

Seven of the top 10 stocks rose, and 51 of the top 100 had a red light, indicating a decline.

According to CoinMarketCap, the price of bitcoin was $34,702.88 at 4 p.m. New York time, up 5.97% from the previous 24 hours.

Ethereum rose 1.23%, XRP 7.80%, Cardano 1.89%, Litecoin 3.69%, and Polkadot fell 2.14% and Chainlink 2.97%.

At this time, the market capitalization of the cryptocurrency market was $1.13 trillion, and the share of Bitcoin was 63.7%.

The Chicago Merchandise Exchange (CME) bitcoin futures price continued to rise. The most actively traded January prices rose by $4685 to $37,353, February prices rose by $2115 to $34,950, and March prices rose by $2165 to $35,250.

The cryptocurrency market ended when the rise of major stocks such as Bitcoin and Ethereum slowed compared to the morning and many small and medium-sized stocks turned downward.

Bitcoin fell back below $35,000, and its trading volume rose to the $116 billion level.

Ethereum also declined to less than $1400, and Dogecoin, which entered the top 10 in the market cap ranking with continued surge, declined in the rise, and the market cap ranking went down to 12th, but maintained a near 100% rise.

According to Cointelegraph, the price of DOGE soared 8 times in one day, and the trading volume on the major exchange Binance outpaced Bitcoin.

Dogecoin’s surge occurred following retail investors’ intensive buying of Gamestop stocks to resist short selling by Wall Street hedge funds.

When Dogecoin soared, some argue that the market capitalization of Dogecoin is too small to affect the price of major cryptocurrencies such as bitcoin.However, as the daily transaction volume exceeded 5 billion dollars, the trend of Bitcoin’s short-term price The prospect of having a significant impact is gaining momentum.

Cointelegraph explained that, as Tesla CEO Elon Musk added “Bitcoin” to his Twitter profile, and Reddit users intensively bought Dogecoin to raise the price, the price of cryptocurrency is greatly affected by market sentiment.

Therefore, trading based on excessive greed and sentiment can be dangerous.In such a fickle environment, professional traders may make profits, but novice retail investors can make a huge loss, suppress greed and stick to their trading strategy. Pointed out that it should be done.

The US New York Stock Market fell 2.03% for the Dow, 2% for the Nasdaq and 1.94% for the S&P 500.