Sat. Apr 1st, 2023

Bitcoin is weak at around 27 million won amid the U.S. Federal Reserve’s announcement of a key rate hike. Ethereum, which succeeded in upgrading, is also continuing a significant decline.

As of 2:47 p.m. on the 19th, Bitcoin fell 4.373% from 24 hours ago to 26,635,000 won on the domestic virtual currency exchange Bithumb.

It is recording 1.85 million won for Ethereum, 187 won for Anibus, 1,787 won for EOS, 500 won for Ripple, 628 won for Ada, 21,620 won for Cosmos, and 33 won for Geno Token.

At the same time, it recorded 6,632,000 won in Upbeat.

The Fed will announce a key rate hike at the Federal Open Market Committee (FOMC) from the 20th to the 21st (local time). Both the stock market and the virtual asset market are being affected ahead of global uncertainties. The Dow fell 0.45 percent and the S&P 500 fell 0.72 percent last night. Nasdaq, which is known to be closely linked to the virtual currency market, fell 0.90%.

The market believes that the Fed is likely to carry out a “Giant Step” that raises interest rates by 0.75% points.

However, recently, some predict that there is a possibility of an “ultra step” that raises interest rates by 1 percentage point.

Earlier, the possibility of an ultra-step came to the surface as the U.S. Consumer Price Index (CPI) exceeded the market forecast of 8% in August. Of course, the market is putting more weight on the Fed taking the giant step.

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