Bitcoin (BTC) falls below KRW 100 million on Upbit…first time in about 1 year and 3 months
Summary
- Bitcoin (BTC) fell below the KRW 100 million level in Upbit’s KRW market, dropping under KRW 100 million for the first time in about 1 year and 3 months.
- Bitcoin is currently trading at KRW 99,497,000 in Upbit’s KRW market, down 7.76% from the previous day, marking the first such move since Nov. 6, 2024.
- Uncertainty over U.S. interest-rate policy and a growing risk-off sentiment are fueling selling pressure, while the possibility of increased short-term volatility is also being raised.
Bitcoin (BTC) has fallen below the KRW 100 million level in Upbit’s KRW market. It has been about 1 year and 3 months since BTC on Upbit last dropped below KRW 100 million.
Bitcoin is currently trading at KRW 99,497,000 in Upbit’s KRW market, down 7.76% from the previous day. This marks the first time Bitcoin has slipped below KRW 100 million on Upbit since Nov. 6, 2024.
The decline comes amid broad weakness across global digital-asset markets. Recent uncertainty over U.S. interest-rate policy and a widening risk-off mood have sustained selling pressure on major cryptocurrencies, including Bitcoin.
Overseas markets have also seen Bitcoin enter a phase of testing key support levels. Some on-chain data indicate net selling by whale addresses, while the potential for increased short-term volatility is also being raised.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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