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[이데일리 이대호 기자] Bitcoin, the leading cryptocurrency by market valuation, reversed its persistent decline. Both domestic and international markets exhibited a modest upward trajectory compared to the preceding day. Prominent digital currencies like Ethereum, Tether, Solana, and Cardano also experienced gains over the previous day’s figures.
CoinMarketCap’s data, as of 8:20 a.m. on the 2nd, indicated Bitcoin trading at $47,389 (approximately 56.41 million won), a 2.01% increase from the prior day. However, the price remained below its value from seven days prior, registering a 6.25% decrease over that period. This pattern mirrors the performance of leading cryptocurrencies like Ethereum, Solana, and Cardano. Only Tether showed a slight increase of 0.03% compared to seven days earlier.
Concurrently, Upbit, a domestic exchange, valued Bitcoin at 57.63 million won, representing a 1.5% daily increase. All of the top ten cryptocurrencies by trading volume displayed positive movement.
Swipe, the top altcoin by trading volume, surged 9.85% to 2,730 won. Among the top ten cryptocurrencies by trading volume, Kava demonstrated significant growth, climbing 12.59% to 5,450 won. Within the top twenty, Bora was the only exception, experiencing a decline of 0.82%, closing at 1210 won.
Meanwhile, forecasts for the cryptocurrency market in the coming year remain varied. Chris Brown, the founder of Aristides Capital, expressed a cautious outlook in a recent media appearance, suggesting potential major sell-offs as the US Federal Reserve scales back asset purchases and implements interest rate hikes. Conversely, Tom Lee, managing partner at Strat Global Advisors, voiced optimism in a recent interview, affirming Bitcoin’s viability and projecting the potential for it to break through the $100,000 mark.
