Bitcoin has been stabilizing around the $66,000 mark after recently surpassing that threshold.
As of 8 a.m. on July 23, Bitcoin was trading at $66,008, down 0.39% from the previous day, according to global cryptocurrency market site CoinMarketCap. After recovering the $66,000 level for the first time in nearly a month since June 16, it has struggled to break past the $67,000 mark, showing slight adjustments.
Market sentiment improved with rising expectations for the passage of the Clarity Act, a cryptocurrency market structure bill, in the U.S. Congress. However, the surge in international oil prices has reignited inflation concerns, leading to a slight cooling of risk asset sentiment.
In fact, U.S. Treasury yields have continued to rise, with the yield on the 10-year Treasury note reflecting inflation fears, increasing by 4 basis points to 4.63%. This is significantly higher than the pre-war level of 3.97% before the conflict between the U.S. and Iran.
Major altcoins are also experiencing gains. At the same time, Ethereum rose by 0.91% to $1,936.90, while Solana increased by 0.08% to $77.97. Ripple (XRP) was trading at $1.14, up 0.06%.
Meanwhile, on the domestic exchange Bithumb, Bitcoin was trading at 96,436,000 won ($65,203), up 0.44% from the previous day. The so-called 'Kimchi premium,' which indicates the difference between domestic and international prices, was recorded at -1.102%, showing that domestic prices are lower than overseas.
* This article has been translated by AI.
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