Major domestic virtual assets are in mixed performance.
At 12:05 pm on the 22nd, domestic Bitcoin (BTC) is trading at 94,859,000 won on Bithumb, up 0.49% from the previous day. Ethereum (ETH) fell 0.02% to 4.92 million won. Tether (USDT) was traded at 1,395 won, down 0.50%, Binance Coin (BNB) was up 0.18% at 842,000 won, and Solana (SOL) was up 4.02% at 253,800 won.
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The international market is also mixed. At the same time, on CoinMarketCap, BTC recorded $68,013.65, up 1.02% from the previous day. ETH was trading at $3530.96, up 0.41%. USDT fell 0.01% to $1.00, and BNB rose 1.33% to $603.56. SOL was traded at $182.15, up 4.79%.
The total market capitalization of virtual assets is $2.47 trillion (approximately KRW 3430.6942 trillion), an increase of $1.27 trillion (approximately KRW 1,763.9601 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 70 points, down 4 points from the previous day.
Ari Paul, Chief Investment Officer (CIO) of Blocktower Capital, analyzed that it is very unlikely that the United States will stockpile Bitcoin (BTC) as a strategic reserve asset within the next four years.
On the 18th (local time), Paul said on Strategic reserve assets refer to assets that the government holds in advance in preparation for emergency situations.
Paul said that if the U.S. government makes BTC a strategic reserve asset, it will have a positive impact on the price of BTC. He also said, “Former U.S. President Donald Trump is likely to comment on this,” and that “this will be positive for the price of BTC in the medium term.” However, he added, “It is possible that the next US president will say, ‘There are no plans to sell the current government holdings of BTC,’ but this does not mean that BTC is considered a strategic reserve asset.”
The prediction that BTC will be added as a strategic reserve asset is linked to Republican presidential candidate Trump. Trump is scheduled to attend Bitcoin 2024 in Nashville on the 27th. There is growing speculation that Trump will announce plans to introduce BTC as a strategic reserve asset for the United States on this day.
- Reporter Lee Yeon-ju
- juya@rni.kr
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