Editor's PiCK
[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%
JOON HYOUNG LEE
Summary
- Bitcoin (BTC) fell below $70,000, down 8.68% from the previous day.
- Bitcoin was trading at $69,512.27, a 20.95% plunge from a week earlier.
- The domestic market’s kimchi premium stood at 0.31%, remaining in the 0% range.
Bitcoin (BTC) fell below $70,000.
According to CoinMarketCap on the 5th, Bitcoin was trading at $69,512.27 as of 9:19 p.m., down 8.68% from the previous day. That marks a 20.95% plunge compared with a week earlier.
It is the first time since November 2024—about 1 year and 3 months—that Bitcoin has traded below $70,000.
The so-called “kimchi premium” slipped into the 0% range. According to CrypPrice, the kimchi premium was tallied at 0.31% as of 9:19 p.m.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
