Bitcoin Has Remained Around $84,000 and Continues to Show a Box Range Market

As of 7:33 a.m. on the 19th, on the global coin market tracking site CoinMarketCap, Bitcoin is recorded at $84,703, down 0.67% from 24 hours ago.

Bitcoin price hovered around $84,000 and showed a box range market.

As of 7:33 a.m. on the 19th, on the global coin market tracking site CoinMarketCap, Bitcoin is recorded at $84,703, down 0.67% from 24 hours ago.

Due to the effects of President Donald Trump's reciprocal tariff policy, Bitcoin, which had fallen to the $78,000 range on the 6th, recovered to the $84,000 range last week. However, it has not shown a distinct rebound since then.

There are evaluations that the investment appeal of Bitcoin, which had been regarded as an alternative asset alongside gold, has weakened.

JPMorgan stated in a report on the 17th (local time) that "gold is attracting funds in both exchange-traded funds (ETFs) and futures markets by leveraging its position as a safe asset, while Bitcoin fails to draw funds in either, missing out on the benefits of being a safe asset."

It continued, "While Bitcoin spot ETFs have seen money flow out for three consecutive months, global gold ETFs recorded a net inflow of $21.1 billion (29.943 trillion won) in just the first quarter of this year."

News data source: kdj.com

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