Summary
- It said Bitcoin (BTC) has reclaimed the $75,000 level on the back of a recovery in risk appetite in global financial markets.
- It noted that as of the morning of the 17th, Bitcoin was up 2.96% day-on-day to $75,072.38 on CoinMarketCap, while on Upbit it was up 0.84% to 110,999,000 won.
- It added that major altcoins, including Ethereum (ETH) and XRP (XRP), also rebounded, attributing the move to stronger risk appetite driven by a rebound in the Nasdaq index, a decline in international oil prices, and improving U.S. manufacturing indicators.
Forecast Trend Report by Period
Bitcoin (BTC) has regained the $75,000 level as risk appetite has recovered in global financial markets.
As of 9:11 a.m. on the 17th (KST), Bitcoin was trading at $75,072.38, up 2.96% from the previous day, according to CoinMarketCap. On Upbit’s KRW market, it was trading at 110,999,000 won, up 0.84% from the previous day.
Major altcoins, including Ethereum (ETH), are also rebounding. Ethereum was trading at $2,369.15 on CoinMarketCap, up 8.79% from the previous day, while XRP (XRP) was trading at $1.54, up 5.95% from the previous day.
The gains are seen as being driven by a combination of a rebound in the Nasdaq index, a decline in international oil prices, and improving U.S. manufacturing indicators, which together strengthened risk-on sentiment.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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