“Sudden corrections are typical when reaching record highs.”
[서울=뉴시스] Reporter Kim Myeong-nyeon = The price of Bitcoin, a cryptocurrency that plummeted after reaching a peak of $69,000 (about 92 million won), recovered to the $67,000 level (about 89.3 million won) in the early morning of the 7th. The photo shows the Bitcoin price displayed on the electronic display board of the Bithumb Customer Support Center in Seocho-gu, Seoul on the morning of the 29th of last month. 2024.03.07.. [email protected]
[서울=뉴시스] Reporter Kim Ye-jin = The price of Bitcoin, a cryptocurrency that plummeted after reaching a high of $69,000 (about 92 million won), recovered to the $67,000 level (about 89.3 million won) in the early morning of the 7th.
According to Coinbase, an American virtual currency exchange, as of 3:30 a.m. on the 7th Korean time, it was traded at $67,292.56, up 4.24% from the previous trading day.
Previously, it surpassed $69,200 around midnight on the 6th, breaking the record price for the first time in two years. The highest price in dollar terms in history is $69,000 recorded in November 2021. It fell to $59,300 in four hours. It plummeted up to 14.5%.
Regarding Bitcoin’s recovery to the $67,000 level, David Wells, CEO of Enclave Markets, told CNBC, “Yesterday it seemed to me like a sharp correction after a surge, which is typical of what happens when you hit a multi-year all-time high.” and analyzed.
“There will probably be a second test of the high,” he said. “If it breaks through, it could become interesting considering large option positions.”
Ethereum is also rising along with Bitcoin. As of 4:10 am, it was $3,848.35, up 7.16%.
◎ Sympathetic media Newsis [email protected]