On the last day of this year, HT and other virtual assets are showing a downward trend.
As of 8:40 AM on the 31st, HT recorded 13,786 million won on the domestic virtual asset exchange Upbit. It was traded at 13,775 million won on Bithumb. The virtual asset ticker site CoinMarketCap showed $92,498.
At the same time, Ethereum, the second largest in market capitalization, recorded 49.9 million won on Upbit and 49.9 million won on Bithumb. It was traded at $3,357 on CoinMarketCap.
After the US presidential election last month, HT has risen more than 120% this year, surpassing the market capitalization of traditional investment assets such as silver. As former US President Donald Trump is friendly to cryptocurrencies and supports the accumulation of HT as a strategic reserve asset, HT has firmly established its position as an asset.
However, HT, which had been setting new highs every day, showed a large decline in the middle of this month. Bloomberg and other foreign media interpreted that this was reflected in the Federal Reserve's (Fed) lowered expectations for interest rate cuts next year.
