Bitcoin Stagnates at $111,000 Despite 'US Stock Market Record High' [Crypto Briefing]

[Financial News] Bitcoin is stagnating at $111,000 despite the record high of the three major indices of the US New York Stock Exchange on the 10th. Although the interest rate cut has been a boon for the stock market, it is diagnosed that the virtual asset market lacks additional upward momentum.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $111,000, down 0.29% from the previous day (24-hour basis) as of 10:20 a.m. that day. Bitcoin has maintained the $110,000 level over the past week.
Bitcoin is trading at 155 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is 0.51%.
The three major indices of the New York Stock Exchange, the Dow Jones Industrial Average, the Standard & Poor's (S&P) 500, and the Nasdaq, broke all-time records on the 9th (local time). The Dow rose 0.43% from the previous day to 45,711.34, while the S&P 500 closed up 0.27% at 6,512.61. The Nasdaq closed up 0.37% at 21,879.49, setting a new all-time high for two consecutive days.
The US Department of Labor announced the number of non-farm employment for 12 months up to the first quarter of this year on the same day, showing a decrease of 911,000 from the previous announcement. Amid concerns about a slowdown in employment, it is interpreted that investment sentiment gathered as a significant interest rate cut is expected.
However, the virtual asset market remains unchanged. The expectation of an interest rate cut has already been reflected, and there is a lack of news that will be a major boon for the virtual asset market.
At the same time, Ethereum is trading at $4,306, up 0.50% from the previous day. XRP (Ripple) is trading at $2.95, up 0.07%.




yimsh0214@fnnews.com Sanghyuk Lim Reporter