As of 1:30 p.m. on the 23rd, the price of Bitcoin in South Korea rose 2.35% from the previous day to 133,189,000 won (about 13
At the same time, the overseas Bitcoin price on CoinMarketCap rose 5.51% from the same time the previous day to $93,081 (approximately ¥13.21 million).
Bitcoin, which was trading at around $88,000 the previous day, surged to $93,000 on this day. The reason for the rise in Bitcoin prices is the base interest rate cut this year.
This is being analyzed as a result of expectations of a cut in interest rates. President Trump said on the same day, "I hope the Federal Reserve Board (FRB) will actively work to cut interest rates," and "Right now is the time to cut interest rates."
"This is the best time for crypto assets to be invested in by the central bank," he said. When the base interest rate falls, investment demand for risky assets increases, which leads to an increase in crypto asset prices.
Venture capital firm QCP Capital said, "The rise in Bitcoin prices is due to the Jerome Powell Fed.
"This has emerged due to talk of the possible dismissal of the Federal Reserve Chairman and the possibility of a cut in the benchmark interest rate," he said. "Funds that have left U.S. stocks, government bonds and the dollar have flowed into gold and Bitcoin."
I conveyed it.
2025/04/23 14:16 KST
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