As the U.S. stock market fell across the board due to the shock from Nvidia, most cryptocurrencies, including Bitcoin, are also declining. In particular, Bitcoin has not been able to break away from the $80,000 range.
On the 28th, according to Global cryptocurrency market site CoinMarketCap, Bitcoin is trading at $84,352 (12,226,822,424 won) as of 7:50 a.m. this morning. This marks a decrease of 0.23% from 24 hours ago.
Bitcoin fell below the $90,000 range on the 24th. Around 5:20 a.m. on the 27th, it dropped to the $82,000 range.
Ethereum, ranked second by market capitalization, is trading at $2,279 (3,303,410 won), down 3.32%, while Ripple, ranked fourth, is recorded at $2.18 (3,159 won), down 1.62%. Earlier, Ripple had dropped to $2.15 (3,116 won) just before the close of the New York Stock Exchange.
On that day, the U.S. stock market fell as Nvidia plummeted more than 8%, triggering a sell-off in technology stocks. The Dow fell 0.45%, the S&P 500 dropped 1.59%, and the Nasdaq tumbled 2.78%. In particular, the Nasdaq experienced significant declines.
In relation to this, CoinMarketCap lowered the cryptocurrency fear and greed index to 20. This is a lower figure than the previous yearly low recorded on Sept. 7 last year. The cryptocurrency fear and greed index is an indicator of investor sentiment.