Bitcoin, the flagship cryptocurrency, is trading in the 114,000-dollar range.
As of 7:35 a.m. on the 21st, Bitcoin has recorded a 0.97% increase from 24 hours ago, reaching 114,351 dollars according to the global coin market tracking site CoinMarketCap. Ethereum is trading at 4,347 dollars, up 4.88%, while Ripple is at 2.96 dollars, up 2.51%.
On the 14th, Bitcoin, which surpassed 124,000 dollars, fell to 112,000 dollars as investor sentiment waned amid growing uncertainty surrounding the possibility of an interest rate cut by the Federal Reserve.
The market anticipates a wait-and-see approach until the Jackson Hole meeting in Wyoming on the 22nd. If the outlook that the timing of an interest rate cut will be delayed spreads, there is a high possibility that cryptocurrency prices will fall.