The price of Bitcoin, which had been soaring due to the 'Trump rally', is now hovering around $90,000.
As of 9:15 am on the 18th, Bitcoin recorded 12,732 million won on the domestic virtual asset exchange Upbit. It is trading at 12,721 million won on Bithumb. On the virtual asset market monitoring site CoinMarketCap, it showed $90,570.
At the same time, Ethereum, the second largest in market capitalization, recorded 448 million won on Upbit and 448 million won on Bithumb. It was traded at $3,193 on CoinMarketCap.
Bitcoin, which broke through $93,000 for the first time in history on the 13th due to the influence of the election of former President Donald Trump, is now hovering around $90,000. On the 14th, when Jerome Powell, the chairman of the US Federal Reserve, said that "the US economy is not showing any signs that it needs to hurry to cut interest rates," the decline widened.
The outlook for Bitcoin is mixed. CoinTelegraph, a virtual asset specialized media, predicted that if Bitcoin surpasses its previous high of $93,265, it will soar to $100,000 afterwards. On the other hand, there are also observations that the current selling pressure may continue and it may fall to the $80,000 range.
