Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Bitcoin fluctuates $4,000 a day... volatility increases
Source: DecenterKorea Original Title: Bitcoin Fluctuates $4,000 in a Day… Increased Volatility [Decenter Market News] Original Link: https://www.decenter.kr/NewsView/2H1P99LNPN/GZ03
As of 8 a.m. on the 12th, Bitcoin(BTC) recorded a decrease of 0.07% from the previous day, at 137.4 million KRW.
Bitcoin(BTC) experienced significant volatility, fluctuating over $4,000 within a day. BTC, which had dropped to the mid-$89,000 range around midnight, recovered to the $90,000 level as buy-in at the low price entered.
According to CoinMarketCap, a global cryptocurrency market data site, as of 8 a.m. on the 12th, BTC was traded at $92,276.57, down 0.33% from 24 hours earlier. Ethereum(ETH) also declined by 3.37%, trading at $3,235.94. XRP(XRP) fell by 1.07% to $2.032, Binance Coin(BNB) dropped 1.54% to $884.51. Solana(SOL) was traded at $135.99, down 1.12%.
The domestic market shows a similar trend. On local cryptocurrency exchanges, BTC declined by 0.07% from the previous day, recorded at 137 million KRW. ETH is trading at 481,500 KRW, down 3.27%, and XRP is trading at 3,023 KRW, down 1.08%.
Jasper de Maere, a desk strategist at a cryptocurrency trading firm, evaluated that the market trend reaffirmed the decoupling(decoupling) between cryptocurrencies and stock markets around macroeconomic events. Now, the focus should shift from Federal Reserve(Fed) and monetary policy to US cryptocurrency regulation as the key market variable.
He said, “In the past year, BTC has only outperformed Nasdaq on macro event days 18% of the time,” and “Although stocks rebounded yesterday, cryptocurrencies showed weakness, indicating that interest rate cuts are already priced into the market and no longer serve as a supporting factor.”
Market sentiment for cryptocurrencies remains in a ‘fear’ state. The Crypto Fear & Greed Index, from a data analysis firm, rose 3 points from the previous day to 29 points. This index indicates that the closer to 0, the more risk-averse investor sentiment is, while closer to 100 signals market overheating.