Bitcoin, which had been hovering around the $80,000 mark, has fallen to approximately $76,000, reflecting a bearish trend. This decline is attributed to rising international oil prices and concerns over U.S. monetary tightening, leading to a cautious investment sentiment ahead of the vote on the Clarity Act scheduled for the 15th.
According to CoinMarketCap, as of 8 a.m. on the 14th, Bitcoin was trading at $76,643, down 0.74% from the previous day.
Major altcoins also experienced declines. Ethereum dropped 1.80% to $2,477.27, while Solana fell 1.68% to $99.93. Ripple (XRP) decreased by 1.76% to $1.33, and Binance Coin (BNB) was down 1.37% at $716.04.
Market analysts suggest that escalating tensions in the Middle East, which have driven up international oil prices, are dampening investor appetite for riskier assets. Currently, international oil prices are exceeding $100 per barrel.
Additionally, the yield on 10-year U.S. Treasury bonds is nearing 5%, and the core Consumer Price Index (CPI) for August exceeded market expectations, raising concerns about potential tightening by the Federal Reserve.
Uncertainty surrounding U.S. cryptocurrency legislation is also weighing on the market. The U.S. Senate is set to hold a procedural vote on the Clarity Act on the 15th. To pass, the bill requires the support of 60 out of 100 senators. However, the Democratic Party is demanding bipartisan ethical guidelines, leaving the bill's fate uncertain.
Meanwhile, at Bithumb, Bitcoin was trading at 1,048,000 won (approximately $77,750), down 0.05% from the previous day. The so-called 'Kimchi Premium,' which indicates the domestic price is higher than international rates, was recorded at 1.218%.
* This article has been translated by AI.
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