Bitcoin (BTC), which had plummeted to the $74,000 range due to the U.S. tariff bomb, is showing signs of stabilization. The BTC price is on the verge of the $80,000 mark, recovering from the previous day's decline.
According to CoinMarketCap, a global virtual asset market tracking site, BTC was traded at $79,929.43 as of 8 AM on the same day. This is a 2.48% increase from the previous day. At the same time, Ethereum (ETH), the leading altcoin, recorded $1,578.51, up 0.61%. XRP rose 0.96% and was traded at $1.936 per coin. Solana (SOL) recorded $108.84, up 2.95%.
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On the domestic exchange Bithumb, BTC recorded 119,301,000 won, up 1.53% from the previous day. ETH rose 0.81% to 2,354,000 won, and XRP was trading at 2,879 won, up 2.31%.
BTC, which had plummeted after Donald Trump's announcement of reciprocal tariffs, has been rebounding since last night. BTC temporarily broke through $80,000 in the morning and continues to fluctuate.
Some large investors' BTC accumulation is driving the price recovery. According to Glassnode, whale investors holding over 10,000 BTC have been actively buying BTC in the past 15 days. The data shows that approximately 129,000 BTC have flowed into whale investor wallets from March 11 to the present.
The Crypto Fear and Greed Index by alternative data analysis company Alternative.me dropped 11 points from the previous day to 23 points, indicating an "extreme fear" state. The lower the index is towards 0, the more constrained the investment sentiment, while closer to 100 indicates market overheating.
- Reporter Kim Jung-woo
- woo@sedaily.com
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