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Bitcoin weakens on US stock market crash Will the $30,000 level collapse?

[뉴욕=이데일리 김정남 특파원] The price of Bitcoin, the number one market capitalization in virtual assets, is plummeting. It was directly hit by the deterioration of the two-mindedness of the New York Stock Exchange. In recent years, co-movement with stocks has deepened.

(Source = CoinMarketCap)

According to CoinMarketCap, a virtual asset market relay site on the 24th (local time), as of 9:49 a.m. on the same day, the price of bitcoin was trading at $33,793 per piece. It fell to $33,184 during the day. The $33,000 level is the lowest level in six months since the end of July last year.

The bitcoin price plunge was the same as the New York Stock Exchange on that day. The three major indices of the New York stock market are showing weakness again at the same time as the market started, and this has adversely affected even the Bitcoin two-seam. The fears of Russia’s airstrikes on Ukraine were added to the fears of steep austerity by the Federal Reserve.

In addition to Ethereum, which has the second largest market cap, the prices of other major virtual assets such as Tether, Solana, Cardano, XRP, Terra, and Dogecoin are also plummeting.

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