Editor's PiCK
[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300
Suehyeon Lee
Summary
- Bitcoin was trading at $76,664.68, down 1.78% from the previous day.
- Ethereum and other major altcoins also moved broadly lower, with Ethereum trading at $2,291.16, down 5.14%.
- The decline was triggered by the nomination of Kevin Warsh as the next chair of the Federal Reserve.
As of 6:53 a.m. KST on the 2nd, Bitcoin was trading at $76,664.68 on CoinMarketCap, down 1.78% from the previous day. On Upbit’s KRW market, it was trading at 113,009,000 won, down 3.92% from the prior day.
Major altcoins, including Ethereum (ETH), are also broadly in the red. Ethereum was down 5.14% from the previous day at $2,291.16 on CoinMarketCap, while XRP (XRP) was trading at $1.59, down 1.94%. Solana (SOL) was down 2.04% at $101.01.
The latest selloff was triggered after Kevin Warsh—seen by markets as relatively hawkish—was nominated as the next chair of the Federal Reserve (Fed). Markets are watching closely whether Warsh can clear the Senate confirmation hurdle.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
