[뉴욕 = 장도선 특파원] The cryptocurrency market is attempting a gradual rise ahead of the opening of the New York Stock Exchange on the 26th. Bitcoin is leading the market mood as it surpasses $64,000.
It is analyzed that the Chinese leadership’s strong will to stimulate the economy through increased fiscal spending and interest rate cuts has strengthened the overall risk-seeking tendency. The global stock market trend also supports this analysis. New York Stock Exchange stock index futures are on the rise, and Nasdaq index futures in particular have surged by about 1.5%.
The continued inflow of funds into Bitcoin and Ethereum spot ETFs listed on the U.S. stock market is also positive for the market sentiment. Bitcoin ETFs have recorded positive flows for five consecutive days, and Ethereum ETFs have recorded positive flows for two consecutive days.
There is growing anticipation that Bitcoin will rally after breaking through its August high of $65,200. The market needs additional data to further strengthen its view of a soft landing for the U.S. economy. The market is waiting for the U.S. personal consumption expenditures (PCE) inflation rate for August, which will be released on Friday. The PCE inflation rate is the Federal Reserve’s preferred measure of inflation.
As of 8:05 a.m. on the 26th, New York time, the cryptocurrency market capitalization on CoinMarketCap was $2.26 trillion, up 1.02% from 24 hours ago. It increased by $40 billion compared to the previous day’s New York Stock Exchange closing. The 24-hour trading volume of the cryptocurrency market was $69 billion, down 6.32%. Bitcoin dominance was 56.2%, and Ethereum dominance was 14.0%. The fear and greed index of the cryptocurrency market was neutral at 48, down 5 points from the previous day.
CoinMarketCap (8:05 a.m. New York time on the 26th)
At this time, Bitcoin is up 1.01% over the past 24 hours, at $64,419 on CoinMarketCap. Bitcoin is in a correction after hitting an all-time high of $73,750.07 on March 14. Ethereum is up 0.13% at $2,628. Ethereum’s all-time high was $4,891.70 on November 16, 2021.
Other altcoins in the top 10 by market cap have shown mixed performances compared to 24 hours ago. BNB and XRP are in a weak consolidation mode. On the other hand, Solana is up 1.42%, Dogecoin is up 3.67%, TON is up 2.62%, and Cardano is up 4.03%.
Bitcoin futures for September delivery on the Chicago Mercantile Exchange (CME) rose 1.96% to $64,440, October futures rose 2.04% to $64,880, and November futures rose 2.07% to $65,415. Ethereum for September delivery advanced 2.37% to $2,632.50, October futures advanced 2.39% to $2,652.00, and November futures advanced 2.53% to $2,675.00.
The dollar index was flat at 100.83, according to Wall Street Journal data. The yield on the 10-year Treasury note was down 1.8 basis points at 3.770%.
For breaking news, please visit Blockmedia Telegram (click)
[뉴욕 개장 전 점검] Global stocks rise, China stimulus package, Micron Technology earnings
