Bitcoin fell below $60,000 on the possibility of a rate hike by the U.S. Central Bank, but edged up to $63,000.
According to CoinMarketCap, a virtual asset market tracking site, at 8:40 a.m. on the 8th, the price per bitcoin was $63,180, up 3.9% from 24 hours earlier. At the same time, Ethereum, the leading altcoin (Altcoin·all virtual assets except bitcoin), was $1,681, up 7.6% from the previous day.
Although bitcoin recovered the $60,000 level that day, investor sentiment in the market remains subdued. That's because the U.S. labor market for May came in stronger than expected, raising the likelihood of tightening by the U.S. Federal Reserve System (Fed).
U.S.-listed spot bitcoin exchange-traded funds (ETF·Exchange Traded Fund) saw a net outflow of $1.72 billion (about 2.68 trillion won) last week. That is the largest weekly redemption in a year. It exceeds the $318 million net outflow in early February, when bitcoin's price was approaching $60,000.