Major virtual assets are in a downward trend.
As of 1:02 PM on the 30th, based on Bithumb, Bitcoin (BTC) fell 1.46% from the previous day to 13,912,600 won. Ethereum (ETH) rose 0.52% to 5,055,000 won, Ripple (XRP) fell 3.22% to 3,124 won, BNB fell 2.36% to 1,034,000 won, and Solana (SOL) fell 1.69% to 284,300 won.
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The international market is also in a downward trend.
At the same time, on CoinMarketCap, BTC recorded $93,484.32, down 1.6% from the previous day. ETH rose 0.62% to $3,399.15, XRP fell 3.81% to $2.1, BNB fell 2.67% to $695.24, and SOL fell 1.78% to $190.91.
The total market capitalization of virtual assets decreased by 0.91% from the previous day to about $3.28 trillion (about 482.256 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, fell 8 points from the previous day to 65 points, indicating 'greed'.
It was predicted that the US government will not purchase BTC next year.
On the 28th (local time), CoinTelegraph reported that according to Galaxy Research, the US government is expected to maintain its current BTC holdings but not make additional purchases by 2025. In a report released on the 27th, Alex Saunders, head of Galaxy Research, said "the US government will stockpile the BTC it currently holds and consider expanding its BTC reserve policy".
According to blockchain analysis firm Spot On Chain, the US government currently holds 183,850 BTC worth about $17.36 billion (about 25.5018 trillion won). If the BTC reserve bill introduced by Republican Senator Cynthia Lummis of Wyoming in July is passed, the US government will purchase 200,000 BTC per year for the next 5 years to accumulate at least 1 million BTC over 20 years and invest it in US Treasuries.
JW, an analyst at Galaxy Research, predicted that "up to 5 companies listed on the Nasdaq 100 and 5 countries are likely to add BTC to their balance sheets or sovereign wealth funds", and "a competition to mine and purchase BTC will be triggered between major sovereign wealth fund-holding countries and countries hostile to the US".
