“Whales make a profit”
The US market fell to 53,000 dollars on the 15th
In addition to the sale of a large number of holders, the bad news of India
Dean analyst “short-term adjustment is rather healthy”
Image of Bitcoin, a cryptocurrency. Reuters Yonhap News
The price of bitcoin, the leader of cryptocurrency (virtual currency), is falling by more than 10%. The price of bitcoin, which was close to $62,000 each two days ago, dropped to 53,000 dollars on the 15th (local time).
According to Coinbase, an American cryptocurrency exchange, the price of bitcoin reached $53,269.23 per piece at 9:05 p.m. on the day (10:05 a.m. Korean time on the 16th). This is a 10.66% drop compared to 24 hours ago.
Bitcoin is showing great volatility, with a new low ($43,016) on the 28th of last month, soaring more than 40% in less than a month and then slipping more than 10% on the same day.
The reason that the price of bitcoin plummeted was because profit-taking sales were poured out at once after soaring to an all-time high. It is pointed out that the announcement that the Indian government is considering ways to make the transaction and holding of cryptocurrency illegal has also fueled the selling sentiment.
Edward Moya, chief market analyst at Oanda, a foreign exchange brokerage firm, explained that “Bitcoin prices have risen too quickly in a short period of time and some of the bitcoin whales (large holders) are starting to realize profits.”
Bitcoin price, which hit an all-time high on the 13th, plunged more than 10% in the US market on the 15th (local time).
In the cryptocurrency market, the view that this price adjustment will also be limited in the short term is dominant. Jason Dean, an analyst at research firm Quantum Economics, stressed that “the market will eventually win.” did.
However, some advise that legendary investor Warren Buffett, chairman of Berkshire Hathaway, should pay attention to why he is not buying Bitcoin. Buffett appeared on CNBC last year and said, “I don’t have a single cryptocurrency.”
Meanwhile, Elon Musk, CEO of Tesla, the world’s number one electric vehicle company, drew attention with a geek move that added cryptocurrency business to the title of its executives.
Musk added the name “master of coin” to the title of Chief Financial Officer Jack Kirkhorn (CFO) and reported it to the Securities and Exchange Commission (SEC), Bloomberg reported. He added’Technoking’ to his title.
Earlier, Tesla announced that it will “double the size of its cryptocurrency investment within a year” by purchasing $1.5 billion worth of bitcoin last month. Since then, Tesla’s stock price and bitcoin price have been in sync.
New York = Correspondent Jae-Gil Cho [email protected]
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