PiCK
[Market Situation] Bitcoin Collapses Below $87,000... Volatility Expands Due to Trump
Summary
- It was reported that Bitcoin showed a downward trend following U.S. President Donald Trump's executive order.
- Bitcoin is trading at $86,750.62, down 3.95% from the previous day according to CoinMarketCap.
- Major altcoins are also showing a concurrent downward trend, with Ethereum trading at $2,128.36, down 3.93% from the previous day.
Bitcoin (BTC) is showing a downward trend after it was revealed that U.S. President Donald Trump's strategic Bitcoin reserve executive order would utilize existing confiscated quantities rather than making additional purchases.
As of 9:27 AM on the 7th, according to CoinMarketCap, Bitcoin is trading at $86,750.62, down 3.95% from the previous day. On Upbit's KRW market, it is trading at 130.51 million won, down 2.51% from the previous day.
Major altcoins are also showing a concurrent downward trend. Ethereum is trading at $2,128.36 on CoinMarketCap, down 3.93% from the previous day, while XRP (XRP) is trading at $2.44, down 2.62% from the previous day.
Additionally, BNB (BNB) is trading at $584.86, down 0.34% from the previous day, and Solana (SOL) is trading at $137.87, down 2.12% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
