The price of Bitcoin has shown a downward trend, dropping to around $92,000 (about 133.64 million won) at one point.
According to Coinbase, as of 5 a.m. on the 24th, the price per Bitcoin was $92,376 (about 134.19 million won) in transaction. After recording the $92,000 range, the price of Bitcoin slightly increased, recovering to around $94,000 (about 136.54 million won) by 6:15 a.m.
The price of Bitcoin hit record highs for three consecutive days until the 18th after the election of Donald Trump as U.S. President, soaring to an all-time high of $108,358 (about 157.40 million won). However, after the U.S. Federal Reserve's Federal Open Market Committee (FOMC) regular meeting, the $100,000 mark (about 145.26 million won) collapsed, continuing the downward trend.
CoinDesk reported that over the past week, the price of Bitcoin has fallen by about 10%, marking the largest drop since August.
Analysis suggests that the downward trend in Bitcoin will continue for the time being. Andre Dragosh, head of research at Bitwise Europe, noted, "Despite the recent Fed interest rate cuts, indicators like consumer price inflation suggest that the price of Bitcoin is likely to face greater pain in the coming weeks."