Cryptocurrency (crypto) such as Bitcoin follows to rise at once as the U.S. stock market rally.
Bitcoin is recording $42,582.45 on CoinMarketCap, as of 11:30 a.m. on the 12th (GMT+8).
About a few hours ago, Bitcoin recorded $43,001, surpassing $43,000.
Analysts say that Bitcoin rose on the same day because the U.S. stock market closed higher at once.
The New York Stock Exchange closed higher at the same time after Fed Chairman Jerome Powell testified at a Senate confirmation hearing that “the U.S. economy is strong enough to withstand a rate hike.”
he Dow closed at 36,251.76 on the 11th (local time), up 0.51% from the previous day. Standard & Poor’s (S&P) 500 rose 0.92% and the NASDAQ index rose 1.41%, respectively.
Not only Bitcoin but also other cryptocurrencies are rising at once. Ethereum, ranked second in market capitalization, is recording $3,233, up 4.93% from 24 hours ago.
Binance Coin, ranked fourth in market capitalization, is soaring 8.66% and Solana, ranked fifth in market capitalization, is soaring 4.73%, respectively.
At the same time, Bitcoin is also trading at 52.13 million won on Upbit, a Korean trading site, up 1.73% from 24 hours ago.
Ethereum is soaring 4.37%, Solana 4.03%, Ada (Cardano) 5.07%, and Ripple 2.86%, respectively.
