The New York stock market, which had rebounded with expectations of interest rate cuts, fell the next day, causing the cryptocurrency market to collectively decline. Bitcoin (BTC) has dropped to the $113,000 range, while Ethereum (ETH) and XRP, which had significantly risen the previous day, are currently down by 3-4%.
According to the global cryptocurrency market tracking site CoinMarketCap at 8 am on the 6th, BTC was traded at $113,938.04, down 1.22% from 24 hours earlier. At the same time, ETH recorded a sharp drop of 3.66% to $3,595.95. XRP fell 3.99% to $2.95, and Solana (SOL) declined 3.12% to $163.75.
In the domestic market, BTC and ETH are slightly up, while XRP and SOL are declining. On the domestic exchange Bithumb, BTC rose 0.78% from the previous day to 159,742,000 won, and ETH increased 0.50% to 5,041,000 won. XRP dropped 0.46% to 4,154 won, and SOL fell 0.26% to 229,800 won.
The cryptocurrency market's decline this day appears to be influenced by the fall in the US stock market. At the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 0.14%, while the S&P 500 and Nasdaq Composite indices dropped 0.49% and 0.65% respectively from the previous trading day.
On this day, Donald Trump said in an interview with CNBC that he plans to announce additional tariffs on certain items "next week or so," mentioning semiconductors and pharmaceuticals. He specifically stated that for pharmaceuticals, he would initially impose a "small tariff" but would raise it to 150% after one to one and a half years, and then to 250%. This was beyond existing expectations. With news that the tariff impact has also led to a downturn in service sector conditions, the New York stock market expanded its decline.
The Fear and Greed Index from cryptocurrency data analysis company Alternative.me remains in a "greed" state at 60 points, down 4 points from the previous day. This index indicates that the closer it is to 0, the more constrained the investment sentiment, and the closer to 100, the more overheated the market is.
- Reporter Shin Jung-seop
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