Despite the strong U.S. stock market… Bitcoin is falling [Decenter Market Status]

With the New York stock market closing mixed, Bitcoin (BTC) is showing a downward trend.

As of 8 AM on the 13th, according to the global cryptocurrency market tracking site CoinMarketCap, BTC recorded 105,837.32 dollars, down 2.35% from the previous day. At the same time, Ethereum (ETH) dropped 4.34% to 2,639.31 dollars, XRP declined 3.22% to 2.187 dollars, and Solana (SOL) fell 4.79% to 152.50 dollars.



The domestic market shows a similar trend. At the same time, BTC on Bithumb is down 1.16% from the previous day at 146,044,000 won. ETH dropped 4.03% to 3,644,000 won, XRP declined 2.24% to 3,018 won, and SOL fell 4.19% to 210,300 won.

The cryptocurrency downturn is interpreted as a result of risk asset preference not recovering, despite increased expectations of a Federal Reserve rate cut. In particular, interpretations suggest that geopolitical uncertainties such as Donald Trump's trade pressure statements and Middle East risks weighed on the market.

On the 12th (local time) in the New York stock market, the Dow Jones Industrial Average closed at 42,967.62, up 0.24% from the previous day, and the S&P 500 index rose 0.38% to 6,045.26. The Nasdaq index closed at 19,662.48, up 0.24%.

The U.S. Department of Labor's Producer Price Index (PPI) for May rose 0.1% month-on-month, falling short of market expectations (0.2%). The core PPI, excluding food, energy, and trade services, also remained at 0.1%, below the expected 0.3%.

However, the stock market's rise was limited as President Trump hinted at the end of tariff exemptions for major countries. He said, "At a certain point, I will simply send letters" regarding the extension of mutual tariff exemption periods, and "I cannot negotiate with every country and will send letters to each country in about two weeks to explain the contract terms as I did with the European Union."

The stalemate in nuclear negotiations between the U.S. and Iran is also a market uncertainty factor. With discussions of Israel potentially striking Iranian nuclear facilities, the U.S. has partially evacuated embassy staff in Iraq.

The Crypto Fear and Greed Index from cryptocurrency data analysis company Alternative.me is at 71 points, down 1 point from the previous day, indicating a state of "greed". This index means that the closer to 0, the more investment sentiment is suppressed, and the closer to 100, the more market overheating is indicated.

Reporter Do Ye-ri