Home Business Did it go up too much? Cryptocurrency collapsed in Japan… Sound Adjustment (Comprehensive)

Did it go up too much? Cryptocurrency collapsed in Japan… Sound Adjustment (Comprehensive)

by news dir

Current major cryptocurrency market conditions at this time – Take a look at CoinMarketCap

(Seoul = News 1) Reporter Park Hyung-ki = Bitcoin and other cryptocurrencies (virtual currencies) are falling all at once.

This appears to be a sound correction following the recent surge. The day before, the market capitalization of cryptocurrency (virtual currency) had risen to over $2 trillion.

However, on this day, the market capitalization of cryptocurrencies again fell below $2 trillion, and the atmosphere is resting.

As of 6 am (Korean time) on the 17th, Bitcoin was recorded at $45,948, down 1.64% from 24 hours ago on CoinMarketCap, a global coin market relay site. Bitcoin traded between a high of $47,998 and a low of $45,700 on that day.

“Bitcoin has risen a lot recently,” said Katie Stockton, director of Fairlead Strategy, a cryptocurrency (virtual currency) company. “Investors seem to be taking a break.”

Most other cryptocurrencies are also falling. Ethereum, the second largest by market cap, is down 3.12%, and Cardano (Ada) is down 4.73%. In comparison, Binance Coin is up slightly (1.62%).

At the same time, on Upbit, a Korean trading site, Bitcoin is trading at 54,091,000 won, down 1% from 24 hours ago.

Current domestic market conditions of major cryptocurrencies at this time - Upbit Capture

Current domestic market conditions of major cryptocurrencies at this time – Upbit Capture

In addition to Bitcoin, other cryptocurrencies are also falling all at once. Ethereum is down 3.28%, Ada (Cardano) is down 1.98%, Ripple is 7.05%, and Dogecoin is down 4.79%.

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