Changes and fluctuations in the late 67 million won
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As interest rates surged due to inflation concerns, the prices of stocks and bonds are fluctuating, but the volatility of bitcoin has decreased. It is analyzed whether gold is increasingly recognized as a safe alternative to gold among investors.
According to Bithumb, a domestic cryptocurrency exchange, 1 bitcoin is 6,782 million won as of 8:50 am on the day. In Bithumb, the price of bitcoin has remained around 68 million won from the afternoon of the 19th to the dawn of the day, but has dropped slightly to 67 million won after 5:40 am.
In addition, according to Investing.com, the price of Bitcoin remains at around $58,700. On the 19th and 20th, the damage against the previous day rose by 0.75% and 1.12%, respectively. From the 12th to the 18th, the daily fluctuation ranged from +6% to -5.7%.
Meanwhile, stocks and bonds are experiencing extreme volatility due to the recent indication of the Fed’s acceptance of a market interest rate hike.
The NASDAQ index fell -3.02% on the 18th. On the 19th, it closed at +0.76%, but fell to -0.58% during the midday. The US 10-year Treasury bond rate rose 3.66% on the 18th and 1.38% on the 19th.
Bitcoin is expanding its presence on Wall Street, recently announced that it will launch a related fund from Morgan Stanley, a large US bank. Morgan Stanley announced on the 17th (local time) that it would create three bitcoin funds to an employee in charge of private banking (PB) sales, etc. A customer receiving an asset management advisory service incorporated a certain amount of bitcoin. It means allowing you to invest in the fund.
Cash Wood, the founder and CEO of ArcInvest and nicknamed’Money Tree Sister’ in Korea, predicted that Bitcoin could rise by up to $400,000 (450 million won) this month.
/ Reporter Hyejin Lee [email protected]
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