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Economy World
Harris Evaluates US Presidential Election Victory, Cryptocurrency Prices and Related Stocks Drop
According to CoinDesk data on the 11th (local time in the US), Bitcoin (BTCUSD) is being traded at $55,701 (KRW 74.67 million) in the US market at around 10:40 a.m. Eastern Standard Time, down 3.9% from the previous day. Ether (ETHUSD) is also being traded at $2,285.44, down 3.9%.
Bitcoin breaks $57,000
According to cryptocurrency exchange Coinbase, at 5:20 p.m. ET on the 9th, Bitcoin was trading at $57,671, up 6.39% from 24 hours ago. Last week, Bitcoin fell about 9%, recording its worst weekly performance since August 2023.
Altcoins Rise Amid Bitcoin Stagnation
As Bitcoin (BTC) faces strong price resistance, most investors are turning to altcoins. With altcoins showing strong price increases recently, expectations for the possibility of an alt season in the short term continue to grow.
US companies
Bitcoin investment expected to increase over the next 18 months
US interest rates cut by 1.25%p this year
The forecast reflects that the U.S. Federal Reserve will cut its benchmark interest rate by 1.25 percentage points this year, leading to increased demand for investment in risky assets including virtual currency.
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