As risk-asset aversion grew, the price of Bitcoin fell to the $88,000 range.

According to CoinMarketCap, a global virtual asset market-tracking site, on the 15th at 8:15 a.m., Bitcoin was trading at $88,091. That was down 2.32% from 24 hours earlier and 1.94% from a week earlier.

Upbit lounge, a virtual asset exchange, in Gangnam-gu, Seoul. /Courtesy of News1

Around the same time, Ethereum fell 1.53% from 24 hours earlier to $3,064. BNB was down 2.16% to $876.66, XRP was down 1.82% to $1.98, and Solana was trading at $129.63, down 2.49%.

This decline is seen as stemming from risk-asset aversion ahead of the release of major economic indicators, including the U.S. consumer price index (CPI), whose publication had been delayed by the federal government "shutdown."

In particular, the Bank of Japan preparing to raise its benchmark interest rate also weighed on the market. When the Bank of Japan raised rates in Mar. last year, the price of Bitcoin fell 23%. In Jul. of the same year it fell 26%, and on the 1st it fell 31%.

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