It appears to have partially recovered. If the US government adopts Bitcoin as a strategic reserve, it is expected that approximately 33 trillion won will flow into the market.
At 10:25 a.m. on the 13th, the overseas Bitcoin on CoinMarketCap rose 2.04% from the same time the previous day to $97,831 (approximately 15.1 million yen).
The day before, the Fed revealed that it was in no rush to further cut the benchmark interest rate, causing the price of Bitcoin to fall to the $94,000 level.
Bitcoin subsequently recovered from the decline and surpassed $98,000 again at one point that morning.
The Fed's announcement that it would not prevent banks from providing cryptocurrency services was a positive factor, and it is analyzed that the price rose slightly.
According to the Fed's Guru, Chairman Powell said, "We will not prevent banks from lawfully offering cryptocurrency-related services to their customers," and that "cryptocurrency-related activities are fully capable of being conducted by banks."
However, he said he would maintain the base interest rate at its current level and wait for evidence of falling prices.
Bitcoin exchange-traded fund (ETF) records net outflows for second consecutive trading day
On the 11th (local time), a total of $56.7 million was withdrawn from the Bitcoin spot ETF. The net outflow amount was smaller than on the 10th (local time).
An analysis has suggested that if the US government were to introduce a Bitcoin reserve, it would lead to a massive influx of funds.
VanEck's head of digital asset research, Ma SHOO Siegel, said on the 12th (local time) through X that "20 US states have proposed a Bitcoin strategic equities agreement."
"After analyzing the bill, if the bill is enacted, a total of $23 billion (approximately 1.35523 trillion yen) could flow into the market," he said. "As lawmakers push forward with the bill,
The amount could go up further," he said.
2025/02/13 10:49 KST
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