[Market] Bitcoin temporarily relinquishes the $103,000 level…kimchi premium 2.12%

Minseung Kang

Summary

Bitcoin briefly broke above $104,000 before falling back to the $103,000 level.
The kimchi premium for Bitcoin is around 2.12%.
Although the end of the U.S. shutdown has eased policy uncertainty somewhat, concerns related to the Fed's interest-rate decision remain and volatility could persist, analysts say.

Bitcoin (BTC) briefly recovered to the $104,000 level before falling back to the $103,000 level.

As of 18:18 on the 13th, Bitcoin is trading at $102,932 on the Binance USDT market, down 1.91% from the previous day (₩154,000,000 on Upbit). According to CrypPrice, the kimchi premium for Bitcoin that day was around 2.12%.

Although policy uncertainty has eased somewhat with the end of the U.S. government shutdown, concerns remain over the Federal Reserve's (Fed) 'in-the-dark' interest-rate decision due to missing October economic indicators, meaning volatility factors could persist, analysts say.

BTC

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

[Market] Bitcoin temporarily relinquishes the $103,000 level…kimchi premium 2.12%

PiCK News

"Strategy posts record buying spree even in a bear market"…accumulates 89,618 in Q1 alone

U.S. 'Strikes Iranian Missile Site Near the Strait of Hormuz…Maritime Threat Reduced'

XRP small-balance addresses hit an all-time high at 5.66 million, signaling growing retail inflows

[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"

[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"

Trending News