Major cryptocurrencies rebound sharply... Bitcoin recovers to $115,000 [Decenter Market Report]

The cryptocurrency market, which plummeted following US President Donald Trump's announcement of additional 100% tariffs on China, is rebounding sharply. Bitcoin (BTC), which had fallen below $100,000 last weekend, has recovered to the $115,000 range, and major altcoins such as Ethereum (ETH) have seen daily gains of over 10%.

According to CoinMarketCap, a global cryptocurrency market monitoring site, as of 8:00 AM on the 13th, BTC was trading at $115,387.19, up 3.81% from the previous 24 hours. Altcoins' gains were even more pronounced. ETH surged 10.41% to $4,138.72. Binance Coin (BNB) and Solana (SOL) also surged by 12.3% and 11.23%, respectively, showing significant gains in the teens. XRP rose 5.8% to $2.534.



The domestic cryptocurrency market showed a similar trend. On Bithumb, a domestic exchange, BTC rose 2.19% from the previous day to 174,193,000 won. ETH rose 8.68% to 6,247,000 won, and XRP rose 4.06% to 3,827 won.

As US-China trade tensions ease, major cryptocurrency prices are showing a sharp rebound. On the 12th (local time), President Trump stated on social media platform TruthSocial, "Don't worry about China. Everything will be fine," adding, "The United States wants to help China, not hurt them." Following these remarks suggesting an easing of US-China tensions, the overall cryptocurrency market quickly rebounded.

The fear and greed index from cryptocurrency data analysis firm Alternative.me fell 3 points from the previous day to 24, indicating a state of "extreme fear." A reading closer to 0 indicates a weakening of investor sentiment, while a reading closer to 100 indicates overheated markets.

Reporter Kim Jeong-woo