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Bitcoin prices are on the rise due to improved investor

Bytomasian

Oct 20, 2022

Bitcoin prices are on the rise due to improved investor sentiment following a surge in the New York Stock Exchange. According to CoinMarketCap, a global virtual currency market relay site, on the 18th, Bitcoin prices were traded at 19,591.83 dollars as of 10:10 a.m., up 1.96% from 24 hours ago.

At the same time, Bitcoin was traded at KRW 2.8037 million on Upbit, a domestic virtual asset exchange, up 0.16% from the previous day.

Ethereum, the leader of Altcoin (other than Alternative Coin and Bitcoin, is also on the rise.

According to CoinMarketCap, Ethereum was traded at $1337.75, up 2.65% from 24 hours ago.

In Upbit, Ethereum was traded at 1,915,500 won, up 0.58% from the previous day.

The sharp rise in the New York Stock Exchange affected the U.S. bank’s performance the previous day and the stabilization of the British financial market.

On the New York Stock Exchange on the 17th (local time), the Dow Jones 30 Industrial Average rose 1.86% from the previous trading day.

The Standard & Poor’s 500 index and the Nasdaq index also rose 2.65% and 3.43%, respectively.

CoinTelegraph, a media specializing in virtual assets, predicted that “the recovery of the stock market could pave the way for the Bitcoin market, which has been trapped in the box office for the past few days.”

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