[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.

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