While the New York stock market closed uniformly higher, major cryptocurrencies showed mixed trends. JP Morgan Chase announced that it would allow users to purchase BTC, accelerating the trend of institutional acceptance by major banks.
According to cryptocurrency market tracking site CoinMarketCap on the morning of the 20th at 8 AM, Bitcoin (BTC) was trading at $105,569.52, down 0.35% from the previous day. Ethereum (ETH) recorded $2,503.98, up 1.94%. XRP dropped 1.09% to $2.375. Solana (SOL) recorded $165.82, down 2.42%.
Related Articles
- Bitcoin Slightly Rises Amid US Credit Rating Downgrade... Hovering Around $105,000 [Decenter Market View]
- Coinbase Suffers Hacking Damage Before S&P500 Inclusion... Cryptocurrency Market Hesitates [Decenter Market View]
- Bitcoin Adjusts to $103,000 Range... Ethereum Drops 3% [Decenter Market View]
- Coinbase First Crypto Company to Enter S&P500... Major Cryptocurrencies Rise [Decenter Market View]
The domestic market continued with a firm tone. Based on Bithumb, BTC rose 0.52% to 148.67 million won. ETH increased 1.53% to 3,524,000 won, XRP rose 0.60% to 3,344 won. SOL recorded 233,400 won, up 0.52%.
On this day, all three major US stock indices closed higher. The Dow Jones Industrial Average closed at 42,792.07, up 0.32% from the previous session, the S&P 500 index rose 0.09% to 5,963.60, and the Nasdaq Composite index closed at 19,215.46, up 0.02%.
Previously, Moody's downgraded the US national credit rating from the highest 'Aaa' to 'Aa1' after market closing on the 16th. However, the market interpreted this not as a new negative factor but as a reflection of existing fiscal risks, with buying at low prices continuing from the market opening until closing.
JP Morgan Chase, the largest bank in the United States, announced at its annual investor conference that it would allow customers to purchase BTC. According to reports from Bloomberg and other media, CEO Jamie Dimon said, "We will allow the purchase of BTC" but "we will not store or manage it." JP Morgan plans to limit services to displaying BTC holdings on customer statements.
Dimon said, "I do not support smoking, but I support your right to smoke" and "I do not oppose BTC, but I support your right to purchase it." He reiterated his negative views on BTC, including money laundering, unclear ownership, and connections to sex work and terrorist financing.
According to cryptocurrency data provider Alternative.me, the Crypto Fear and Greed Index remained at 74 points, the same as the previous day, indicating a state of greed. The lower the index is to zero, the more contracted the investment sentiment, while closer to 100 indicates overheating.
- Reporter Do Ye-ri
- yeri.do@sedaily.com
< Copyright ⓒ Decenter, Reproduction and redistribution prohibited >
