Major virtual assets are on the rise.
As of 1 PM on the 4th, based on Bithumb, Bitcoin (BTC) rose 4.94% from the previous day to 13,453,200 won. Ethereum (ETH) rose 8.2% to 5,145,000 won, Ripple (XRP) rose 7.45% to 3,578 won, Solana (SOL) rose 12.74% to 333,700 won, and Binance Coin (BNB) rose 26.19% to 106,000 won.
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The international market is mixed.
At the same time, on CoinMarketCap, BTC recorded $95,851.55, down 0.24% from the previous day. ETH rose 0.7% to $3,665.49, XRP fell 7.81% to $2.55, SOL rose 4.3% to $237.83, and BNB rose 15.57% to $753.67.
The total market capitalization of virtual assets increased by 2.62% from the previous day to about $3.52 trillion (about 498.29 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, rose 2 points from the previous day to 78 points, indicating 'extreme greed'.
It was reported that a large amount of USDT was deposited into Upbit when the domestic virtual asset market plummeted due to President Yoon Seok-yeol's declaration of martial law the previous night.
On the 3rd (local time), CoinDesk reported that more than $163 million (about 230.46 billion won) of USDT was transferred to Upbit within an hour of the martial law declaration. 'Whales' with a large trading volume of virtual assets deposited USDT into Upbit to buy BTC and other tokens at low prices as they plummeted.
Lookonchain said that "many virtual asset whales transferred a large amount of USDT to Upbit, aiming to buy at low prices." USDT is a stablecoin pegged 1:1 to the US dollar and is mainly used to purchase other virtual assets.
- Reporter Hae-yeon Kang
- haeyeon41@rni.kr
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