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It decreased from 21 million won on the 25th to 19.15 million won on the 27th
Against the background of the news of the tightening of regulations on the appearance of property for profit
The sharply rising bitcoin price showed a steep drop on the 28th. On this day, on the domestic virtual asset exchange “Bithumb”, bitcoin was trading at 19.1 million won at 3pm the previous day. Considering that it exceeded 20 million won on the 18th and traded around 21 million won on the 25th, it dropped significantly.
US cryptocurrency information site CoinDesk posted a similar time of $ 17,237. The price of bitcoin, which had passed the $ 20,000 mark following a rise from the $ 19,000 range, dropped below $ 18,000 with a double-digit dip.
In the market, for-profit sales and regulatory enforcement news are seen as backgrounds. Brian Armstrong, CEO of cryptocurrency firm Coinbase, expressed concern on Twitter over rumors that the United States is reviewing new regulations that undermine the anonymity of cryptocurrency transactions.
Amid skepticism about the recent bitcoin wave, the bullish theory remains. According to CNBC, Anthony Trenshev, chief executive of the cryptocurrency lending platform, NEXO, said: “Bitcoin plunged 40% in March”. It is expected to overtake Russia “.
This year, the price of bitcoin has risen significantly. Bitcoin, which traded at 8 million won earlier this year on major national exchanges, soared to 15 million won earlier this month and recently surpassed 20 million won. It is analyzed that it has received attention due to the influence of the weakening of confidence in the dollar. The rise was even steeper when global companies entered the market, including news of PayPal’s virtual asset payment service last month.
Lee Seok-woo, CEO of Dunamu, an “Upbit” virtual resource exchange operator, said at an online conference held on the 26th before the “Upbit Developer Conference (UDC) 2020”, “It has steadily increased throughout the year. “Bitcoin is recognized as an overseas asset and is actively traded.”
Future prospects are mixed. In a recent report, JPMorgan analyzed that bitcoin could compete more fiercely with gold as an alternative asset and that the long-term growth potential is very high. On the other hand, Ray Dalio, CEO of Bridgewater Associates, expressed a negative opinion, “hedge fund lending”, stating that bitcoin is not suitable as a means of storing wealth due to its high volatility.
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