Coinbit, a domestic cryptocurrency exchange, announced that as of 9:00 a.m. on the 23rd, the price of bitcoin is continuing sideways at 65.3 million won per piece.
When Jerome Powell, chairman of the Federal Reserve System (Fed) of the United States recently revealed a negative view on cryptocurrency on the 22nd (local time), bitcoin, which remained at 67 million won, was negatively affected and fell more than 2 million won.
Later, Chairman Powell turned that the Fed was also working on digital currency. He added that the Fed’s research lab is working on digital currency, and the Federal Reserve Bank of Boston and Massachusetts Institute of Technology (MIT) are also working on digital currency.
“We’re testing the technology,” said Powell. No decision has been made at the moment,” he said. “I also want to understand the strengths and problems of digital currency research.” This is a point that can be interpreted as opening up the possibility of virtual assets rather than maintaining unconditional irregularities as in the past.
Regarding this, Coinbit explained, “It is true that the value of bitcoin has been on a downtrend since Chairman Powell’s remarks.”
“However, as in the past, the range of fluctuations in the market price of virtual assets due to external factors has decreased significantly,” he predicted. “Now, virtual assets have entered the stabilization stage and can be seen as building an independent ecosystem.”
Meanwhile, Coinbit Exchange is a domestic virtual asset exchange that is drawing attention with the recent 2.5 version update. In line with the recent strong trend in the virtual asset industry, COINBIT 2.5 was launched and decentralized finance (Defi, DeFi) is being strengthened. Convenience is being improved so that members can conduct transactions in a new and innovative environment, such as tuning to a new execution engine and improving the matching system, UI, and UX.