[Image source=Reuters Yonhap News]

[Image source=Reuters Yonhap News]

View original image

[Asia Economy Reporter Eunmo Koo] Bitcoin, the number one cryptocurrency by market capitalization, is showing a downward trend in both domestic and international markets, trading at 9.9 million KRW and 8,200 USD.


According to the cryptocurrency exchange Bithumb as of 7:55 AM on the 9th, Bitcoin was priced at 9,955,000 KRW, down 4.26% (443,000 KRW) compared to 24 hours earlier. A total of 48.9 billion KRW worth of Bitcoin was traded during the day.


Most other cryptocurrencies are also declining. Ethereum Classic (-9.70%) and Bitcoin Cash (-9.17%) have dropped nearly 10%, while Bitcoin SV (-8.86%), EOS (-7.84%), Ripple (-7.58%), and Ethereum (-6.43%) are also down.


[Bitcoin Now] Domestic and International Bitcoin Decline... 9.9 Million KRW · 8,200 USD Levels View original image

At the same time, on Upbit, Bitcoin is trading at 9,932,000 KRW, down 6.99% (749,000 KRW) compared to the previous day.


Most cryptocurrencies on Upbit are also falling. EOS (-14.73%), Bitcoin SV (-14.20%), Bitcoin Cash (-14.57%), Ethereum (-12.90%), and Ripple (-11.31%) are experiencing double-digit percentage declines, showing a sharp drop.


The downward trend is clear in overseas markets as well. According to cryptocurrency market data provider CoinMarketCap, at the same time, Bitcoin was priced at 8,226.39 USD, down 7.67% compared to 24 hours earlier.


Other cryptocurrencies are also declining. Bitcoin SV (-15.30%), EOS (-14.89%), Litecoin (-13.26%), Ethereum (-13.20%), and Ripple (-11.90%) are all down. On the other hand, Tether (0.41%) is showing a slight gain.



[Bitcoin Now] Domestic and International Bitcoin Decline... 9.9 Million KRW · 8,200 USD Levels View original image


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing