Bitcoin Market Price Holds at 39 Million Won
According to market analysis, BlackRock, the world’s largest asset management company, may have submitted an application to list a Bitcoin exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC).
As of 4:17 pm on the 23rd, the bitcoin market price on the virtual currency exchange Bithumb is trading at 39.48 million won, with a 0.13% increase per 1BTC (bitcoin unit) compared to 24 hours ago.
Top Cryptocurrencies Experience Decline
Most of the top 10 major cryptocurrencies by market capitalization traded on Bithumb are currently facing a downward trend.
- Ethereum (ETH) is being bought and sold at 2,472,000 won per 1 ETH, experiencing a 1.00% decrease.
- Binance Coin (BNB) is being bought and sold at 319,100 won, with a 2.80% decline per 1 BNB.
Ripple (-2.89%), Ada (-0.83%), Dogecoin (-1.84%), Solana (-2.35%), Tron (-0.92%), and Polygon (-3.12%) are also being traded at lower prices.
On the other hand, Polkadot (1.18%) and other cryptocurrencies are showing an increase in price compared to 24 hours ago.
CoinDesk, a renowned digital currency media outlet, stated, “Bitcoin’s momentum has stagnated, but the price remains steady above $30,000.” However, it is important to note that no Bitcoin ETF applications have been approved yet.
There is speculation that the Bitcoin ETF application submitted by BlackRock may face rejection. Cointelegraph, a virtual currency media outlet, mentioned on the 22nd, “The quick approval of Bitcoin-related ETFs in the United States is highly unlikely.”
This is primarily due to the fact that the US Securities and Exchange Commission has previously rejected all 12 applications for listing Bitcoin ETFs.
If BlackRock succeeds in obtaining approval for a Bitcoin ETF, it will be a groundbreaking achievement. Stay tuned for further updates.
Written by Jo Yun-ho, Reporter
[비즈니스포스트] Bitcoin market price held 39 million won.
BlackRock, the world’s largest asset management company, may have its application to list a bitcoin exchange-traded fund (ETF) applied to the US Securities and Exchange Commission (SEC), analysis said.
▲ On the afternoon of the 23rd, most of the top 10 cryptocurrency prices are falling. BlackRock, the world’s largest asset management company, may have its application to list a bitcoin exchange-traded fund (ETF) applied to the US Securities and Exchange Commission (SEC), analysis said. The picture is a virtual Bitcoin image.
As of 4:17 pm on the 23rd, on the virtual currency exchange Bithumb, the bitcoin market price is trading at 39.48 million won, up 0.13% per 1BTC (bitcoin unit) from 24 hours ago.
Most of the top 10 major cryptocurrencies by market capitalization traded on Bithumb are in decline.
Ethereum is bought and sold at 2,472,000 won per 1 ETH (Ethereum unit), down 1.00%, and Binance Coin is bought and sold at 319,100 won, down 2.80% per 1 BNB (unit of Binance).
In addition, Ripple (-2.89%), Ada (-0.83%), Dogecoin (-1.84%), Solana (-2.35%), Tron (-0.92%), Polygon (-3.12%), etc. It being traded at a low price.
On the other hand, Polkadot (1.18%) and others are trading at a higher price than 24 hours ago.
CoinDesk, a media specializing in digital currencies, said on the day, “Bitcoin’s momentum has stagnated, but the price is firm above $30,000.” None of that has been approved,” he said.
There is analysis that the Bitcoin ETF requested by BlackRock may be rejected.
Cointelegraph, a media specializing in virtual currency, said on the 22nd (local time), “It is unlikely that we will be able to quickly see ETFs related to Bitcoin in the United States.”
This is because the US Securities and Exchange Commission has rejected all 12 approvals for listing Bitcoin ETFs.
If BlackRock succeeds in listing a Bitcoin ETF, this will be the first case.Reporter Jo Yun-ho
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