At 7:40 a.m. on the 26th, the bitcoin price was announced on CoinMarketCap, a global coin price relay site.
The coin plunged 4.88% from 24 hours ago to hit $92,961. This is the first time Bitcoin has collapsed below $93,000 since November 20.
This is because Bitcoin, which rallied to $99,655 after Trump's election, was unable to surpass $100,000, leading to a large amount of profit-making sales.
This is believed to be due to the fact that cryptocurrency media outlet CoinDesk reported that approximately $500 million (approximately 76.9 billion yen) was liquidated in one day due to the emergence of profit-realizing sales. This is the largest amount in six months.
Analysts see geopolitical and macroeconomic factors as the main culprits behind the selloff. Rising tensions in the Middle East are likely to encourage investors to move into traditional safe haven assets such as gold.
This prompted a surge in interest rates, which led to capital outflows from the cryptocurrency market. The strength of the U.S. labor market and Fed Chairman Jerome Powell's clear intention to cut interest rates cautiously also contributed to the surge.
The fact that interest rates became unclear after the announcement of the new rules also contributed to the decline. Bitcoin rose to $96,655 on the 23rd of last month, but profit-taking selling led to the price dropping below $100,000.
It has remained flat without being able to break through. When Bitcoin fell, most other coins also fell. Dozicoin, which is ranked 7th by market capitalization, fell by more than 10%, and Solana, which is ranked 4th by market capitalization, fell by 8%.
It has fallen sharply.
2024/11/26 10:01 KST
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