The price of Bitcoin, which had fallen to $104,000, recovered to $114,000 on the 27th, 10 days later.
According to CoinMarketCap, a global virtual asset market tracker, at 8:25 a.m. on the 27th, Bitcoin was traded at $114,550 per coin. That was up 2.65% from 24 hours earlier and 5.29% from a week earlier.
Around the same time, Ethereum rose 5.36% from 24 hours earlier to $4,168. Ripple rose 2.17% to $2.65, BNB rose 1.94% to $1,138.66, and Solana rose 3.31% to $200.36.
The recent uptrend is seen as driven by expectations of interest rate cuts. The U.S. consumer price index (CPI) released on the 24th came in at 3.0%, below expectations. Optimism that the U.S. and China will conclude a trade deal at the APEC summit to be held in Gyeongju on the 30th is also lifting virtual asset prices. However, the continued U.S. federal government "shutdown" is acting as a headwind.