This seems to be a decoupling phenomenon with the New York stock market, which plummeted last night. At 9:43 a.m. on the 17th, the Bitcoin price in Korea was 1.1 times higher than the previous day.
At the same time, the overseas Bitcoin price on CoinMarketCap rose 0.84% from the same time the previous day to 121,836,000 won (approximately 11.2 million yen).
The total was $84,061 (approximately 11.99 million yen). Federal Reserve Chairman Jerome Powell said on the 16th (local time) that the tariffs that began after Donald Trump took office as US President were
"The level of tariff increases announced so far by the administration has been much higher than expected," Powell said, "and so will the impact on the economy."
"We are likely to see a decline in stock prices, including higher inflation and slower growth," he said. Powell's concerns, combined with the Trump administration's tightening of semiconductor export controls on China, have led to a drop in stock prices.
However, it did not have a significant impact on Bitcoin. This has led to speculation that Bitcoin may rise again in the second half of the year.
Axel Adler Jr., a crypto quant analyst, said, "If you look at the ratio of Bitcoin transfers between U.S. exchanges and overseas exchanges, the number of Bitcoin transfers in January of this year was 1.1%.
"However, the amount of bitcoin being transferred on U.S. exchanges has recently shown a trend of increasing again, which is probably due to the overdose," he said.
This is similar to the trend that emerged in the early stages of the last bull market," he said, predicting that Bitcoin could rise again in the second half of the year.
2025/04/17 11:23 KST
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