Bitcoin Rise. No upward force. When will it be?

Bitcoin Rise

Bitcoin Rise. As the price of Bitcoin, a representative virtual asset. Has been trapped in the $16,000 range this week, investor sentiment is also at a “fear” level.

Bitcoin Rise. CoinMarketCap

According to CoinMarketCap, a global virtual asset market relay site, the price of Bitcoin was $16,845 (about 21.63 million won), down 0.03% from the previous day as of 12:49 p.m. on the 25th.

Bitcoin prices have been hovering around $16,000 since the 17th due to concerns over the Federal Reserve’s key interest rate hike next year and economic recession. On the 20th. It fell to $16,400, the lowest level this week.

U.S. stock market

On the 21st of this month, the U.S. stock market, which is showing a slight increase due to the inflow of low-priced purchases, rose nearly 2%. It rose to the $16,980 range, approaching the $17,000. However. The effect did not last long as concerns over austerity and economic slowdown were highlighted. CoinDesk. A media specializing in virtual assets. Also predicted that Bitcoin prices will remain at the current level for the time being.

Virtual asset data provider

As bitcoin prices showed a sideways trend, coin investor sentiment showed a similar level. According to Alternative, a virtual asset data provider, the fear and greed index. Which expressed investor sentiment as an index, recorded 29 points (fear) as the same as the previous day. He scored 26 to 29 points this week, all of which showed a level of fear levels. Alternative’s fear and greed index means that the more you score 0, the more pessimistic you feel about investment, and the closer you get to 100, the more optimistic you are. Ripple lawsuit news is also something to check.

Bitcoin Rise. Ethereum

Regarding Ethereum, he also predicted, “The chart shows that it is almost the same situation,” adding, “It is natural considering the continuous and close correlation between Ethereum and Bitcoin.”

As bitcoin prices showed a sideways trend, coin investor sentiment showed a similar level. According to Alternative, a virtual asset data provider, the fear and greed index, which expressed investor sentiment as an index, recorded 29 points (fear) as the same as the previous day. He scored 26 to 29 points this week, all of which showed a level of fear levels. Alternative’s fear and greed index means that the more you score 0, the more pessimistic you feel about investment, and the closer you get to 100, the more optimistic you are. Ripple lawsuit news is also something to check.

I have a lot of thoughts about when these cryptocurrency markets will be resolved due to the reduction of the market and the lack of liquidity. Let’s talk about when Bitcoin will get back into the spotlight.