(Source = Yonhap News)

Coin market ‘tension’ ahead of US FOMC…Bitcoin and Ethereum weaken one after another

(Source = Yonhap News)

The coin market is tense ahead of the US Federal Reserve’s Open Market Committee (FOMC). Bitcoin, Ethereum, and altcoins are all falling all at once.

According to CoinMarketCap on the 4th, as of 12:50 p.m., Bitcoin was trading at $38,064, down 1.19% from 24 hours ago. This is a decrease of 0.87% from the previous week.

Bitcoin is also showing a downward trend on domestic exchanges. On this day, on the virtual asset exchange Bithumb, Bitcoin is trading at 48,819,000 won, down 356,000 won (0.74%) from the previous day’s closing price. Following Bitcoin, Ethereum is also on a downward trend. Today, Ethereum is trading at $2797. It was down 1.73% from a week ago. On Bithumb in Korea, it is trading at 3,593,000 won, down 0.8% from the previous day.

Altcoins are also on the decline. Ripple is trading at $0.7882, down 0.47% from 24 hours ago, while Solana (-2.25%) and Tera (-2.27%) are also bearish.

Meanwhile, the New York Stock Exchange rose ahead of the FOMC the day before. According to the New York Stock Exchange, the Dow Jones Industrial Average closed at 33,128.79, up 0.2 percent from the previous day. The Standard & Poor’s (S&P) 500 Index closed at 4175.4, up 0.48% from the previous trading day, and the Nasdaq Index, centered on technology stocks, up 0.22% to close at 12,563.76.

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