© Reuters. Bitcoin, which grew up eating anxiety, surpassed $ 27,000… 10% increase in one day
Cryptocurrency (virtual currency) has emerged as a refuge from the global financial crisis. Last week, in the shock of Silicon Valley Bank (SVB) bankruptcy in the United States, Bitcoin, the leader of cryptocurrency, soared more than 10% in one day.
As of 8:10 am on the 18th (Korean time), Bitcoin is recording $27,664, up 10.54% from 24 hours ago on CoinMarketCap, a global coin market relay site. On this day, Bitcoin soared to $27,787. If Bitcoin breaks through $28,000, it will break the record since June of last year.
At the same time, on Upbit, a Korean trading site, Bitcoin is trading at 36.2 million won, up 8.62%. Ethereum was also traded at 2,334,000 won, up 4.66% from the previous trading day.
The value of cryptocurrencies is on a steep rise after the SVB collapse. In the cryptocurrency community, there has been a debate over whether the crisis of traditional banks is a bad thing or a good thing for the crypto market. Akjaepa is concerned that the financial market itself will freeze in a situation where large banks collapse more easily than expected.
Favorable people say that Bitcoin was also born with the goal of decentralization during the Lehman Brothers crisis, and that now is an opportunity to become a designated alternative asset. Billionaire investor Mike Novogratz, CEO of Galaxy Digital, is arguing for bullishness.
According to CNBC, Novogratz said, “The Federal Reserve will have to stop raising interest rates due to the Silicon Valley Bank (SVB) bankruptcy in the United States.” did.
