As the conflict between Israel and Iran continues, Bitcoin (BTC) prices are showing a slight decline. In contrast, prices of major altcoins (virtual assets excluding Bitcoin) are mostly rising.
As of 8 AM on the 16th, according to the global virtual asset market tracking site CoinMarketCap, BTC recorded 105,280.66 dollars, down 0.13% from the previous day. At the same time, Ethereum (ETH) is trading at 2,544.70 dollars, up 0.71%, XRP is up 1.24% at 2.16 dollars, and Solana (SOL) is up 5.51% at 152.26 dollars.
At the same time, on the domestic exchange Bithumb, BTC is down 0.42% from the previous day at 145,715,000 won. ETH dropped 0.14% to 3,524,000 won, XRP fell 0.40% to 2,996 won, and SOL rose 0.14% to 210,400 won.
Previously, when Israel launched a preemptive strike against Iran on the 13th of this month, major virtual assets such as BTC, ETH, and XRP plummeted by more than 5%. Although the decline has decreased, the virtual asset market continues to show a sluggish trend as Israel and Iran have been attacking each other for over three days.
In addition to the virtual asset market, this geopolitical risk has led to a surge in international oil prices and a sharp decline in US index futures. As risk aversion and preference for safe assets spread, the asset market is expected to remain unstable for the time being.
The Crypto Fear and Greed Index from the virtual asset data analysis company Alternative.me dropped 3 points from the previous day to 60 points, indicating a state of "greed". This index means that the closer it is to 0, the more investment sentiment is suppressed, and the closer it is to 100, the more the market is overheated.
- Reporter Shin Jung-seop
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