Major domestic virtual assets are in decline.
At 12:58 pm on the 18th, domestic Bitcoin (BTC) on Bithumb is trading at 90,515,000 won, down 0.53% from the previous day. Ethereum (ETH) fell 0.93% to 4,786,000 won. Tether (USDT) was traded at 1,395 won, down 0.21%, Binance Coin (BNB) was down 0.87%, at 800,500 won, and Solana (SOL) was down 1.16% at 221,700 won.
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The international market is also in decline. At the same time, on CoinMarketCap, BTC recorded $64,866.82, down 1.39% from the previous day. ETH was traded at $3,428.82, down 1.64%. USDT fell 0.06% to $0.9999, and BNB fell 1.07% to $573.90. SOL was trading at $158.84, down 1.38%.
The total market capitalization of virtual assets is $2.37 trillion (approximately KRW 3273.5606 trillion), an increase of $1.16 trillion (approximately KRW 1,602.2491 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.me is in the 'greed' state at 61 points, down 8 points from the previous day.
Mark Cuban, an American billionaire businessman, predicted that Bitcoin (BTC) will become a global reserve asset.
On the 17th (local time), Mark Cuban observed through
Cuban explained, “The geopolitical risks in the United States and the weakening of the key currency dollar will lead to a rise in BTC prices,” and “Countries and individuals will purchase BTC as a way to protect their assets.” “This is already happening in countries experiencing hyperinflation,” he added.
He also predicted, “If the approval rating for former US President Donald Trump increases in Silicon Valley, BTC will become a key strategy for the US presidential election.” However, it was analyzed that Trump's pro-virtual asset stance had no real impact on the rise in BTC prices. He pointed to low tax rates and tariffs as a factor in the rise of BTC and explained, “This will eventually cause inflation.”
Regarding the price of BTC, he raised an optimistic outlook, saying, “It could be much higher than you think.” He emphasized that the BTC market is a global market, the supply is limited to 21 million and unlimited divisions are possible.
Meanwhile, Mark Cuban is an entrepreneur with assets worth $5.4 billion (approximately 7.4543 trillion won) as of 2024. He is considered an ardent supporter of virtual assets. Last January, the Dallas Mavericks of the National Basketball Association (NBA), of which he is the owner, introduced Dogecoin (DOGE) as a payment method.
- Reporter Lee Yeon-ju
- juya@rni.kr
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