Bitcoin is holding steady around the $60,000 level. The price briefly slipped to about $58,000 before edging higher.
As of 9:30 a.m. on the 28th, on CoinMarketCap, a virtual asset market data site, Bitcoin was trading at $60,095, up 0.21% from 24 hours earlier. The price is down 6.63% from a week ago. On the 25th, Bitcoin plunged to $58,189.
At the same time, Ethereum was at $1,575 and Ripple at $1.04, both slightly higher. Binance Coin was down 1.65% at $5,557, and Solana was down 1.99% at $40, each in transaction.
In the market, some say expectations for a U.S. benchmark rate hike and concerns about financial risks surrounding the strategy of the corporations holding the most Bitcoin are weighing on virtual asset prices. Bearish views on Bitcoin from financial market experts are also playing a role.
Jeremy Grantham, a legendary U.S. value investor and co-founder of asset manager GMO, said in an interview on the 26th (local time) that "over years and decades, Bitcoin will not suffer a big shock but quietly fade," adding, "it will gradually disappear over decades."