[Afternoon Price Briefing] Cryptocurrency market trend continues... Bitcoin at $43,082

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The upward trend in the cryptocurrency market continues.

According to Token Post Market, as of 11:10 am on the 7th, Bitcoin is trading at $43,082 (about 57.16 million won), up 1.01% from the previous day.

Ethereum, second in market capitalization, recorded $2379.24 (about 3.15 million won), up 3.17% from the previous day.

Top altcoins are also showing an upward trend. BNB 1.01% Solana (SOL) 3.17% XRP 0.08% Cardano (ADA) 1.52% Avalanche (AVAX) 0.53% Dogecoin (DOGE) 0.71%

The cryptocurrency market capitalization recorded approximately $1.66 trillion (KRW 2,214 trillion).

Cryptocurrency price data / Token Postmarket

The New Daily Economy reported that New York Community Bancorp (NYCB) stock prices plummeted again due to U.S. Treasury Secretary Janet Yellen's remarks about concerns about a recession in U.S. commercial real estate.

Across the world, anxiety continues as real estate companies go bankrupt and major buildings are put up for quick sale.
On the 6th (local time), the stock price of NYCB, a regional U.S. bank whose stock price has recently plummeted due to poor commercial real estate loans, fell in the 20% range.

Secretary Yellen told the House Financial Services Committee of the U.S. Congress on this day, "I am concerned about the commercial real estate market." She cited high interest rates, rising vacancy rates due to the spread of working from home after the pandemic, and the volume of commercial real estate loans maturing this year. pointed out.

The digital asset fear-greed index provided by UBCI remains at the 'neutral' level, recording 53.81 as of the 7th.

UBCI Digital Asset Fear-Greed Index / UBCI

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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