The analysis is that there must be a trading volume to achieve this. As of 2:25 p.m. on the 13th, the price of Bitcoin in South Korea on the Bitcoin exchange rate rose 1.58% from the same time the previous day to 123,273,000.
At the same time, the overseas Bitcoin price on CoinMarketCap rose 2.08% from the same time the previous day to $88,343.
Bitcoin, which had fallen to $81,000 in the afternoon of the previous day, rebounded to $84,000 that night. It is trading in the $83,000 range that day.
The reason for the Bitcoin rebound was that the US CPI released the previous night was lower than market expectations. CPI is the price of goods and services purchased by consumers.
The CPI shows fluctuations in the price of goods and services, and is an indicator used by the Federal Reserve System (FRB) as a reference when determining base interest rates.
According to the U.S. Department of Labor, the CPI rose 2.8% last month compared to the same month last year, below market expectations (2.9%).
The crude CPI, which excludes energy and other factors, also rose 3.1% over the same period, below market expectations (3.2%). However, the price of major virtual assets, including Bitcoin, will not be able to rebound meaningfully until trading begins.
The analysis is that volume must be accompanied. Sentiment, an on-chain analysis platform for virtual assets, said through X (formerly Twitter) that "Even if the prices of major virtual assets rebound, trading volume will remain low.
"The number of buyers has not increased," he said, "meaning buying sentiment has significantly declined." He added, "Without sufficient buyers, the price rise could easily slow down."
"There is also a risk that this could lead to further declines," he added. Sentiment is likely to require a trading volume for a meaningful price rebound as trading volume is a key indicator of retail and institutional market participation.
This must be accompanied by an increase in volume," he said.
2025/03/13 14:48 KST
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