As the U.S. stock market rallies, with shares soaring by more than 2%, cryptocurrencies are also rallying for the first time in a long time.
As of 9 a.m. on the 23rd, CoinMark, a global coin market relay site,
At the net cap, Bitcoin is at $93,618 (approximately JPY 13.32 million), up 6.97% from 24 hours ago.
This is the first time since the 3rd of May. Ethereum also surged 11.42% to $1,759, while Ripple is trading at $2.21, up 6.25%.
The reason for the rally in cryptocurrencies on this day was the simultaneous surge in the U.S. stock market.
On the day, the Dow rose 2.66%, the S&P 500 rose 2.51%, and the Nasdaq rose 2.71%.
"The tariff standoff with China is unsustainable," Treasury Secretary Scott Bessent said at a private investor conference on Wednesday.
"It is possible and we hope that the situation will ease soon."
2025/04/23 09:59 KST
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