PiCK
[Market] Bitcoin briefly reclaims $71,000, pricing in hopes of easing Middle East tensions
Minseung Kang
Summary
- Bitcoin (BTC) was reported to have briefly regained $71,000.
- BTC was said to be trading at $71,109, up 2.61% from the previous day.
- It was reported that the -0.69% kimchi premium for major crypto assets and Israel’s stance against a prolonged war were interpreted as reflecting expectations for easing geopolitical tensions.
Forecast Trend Report by Period
Bitcoin (BTC) has briefly regained the $71,000 level.
As of 23:54 on the 10th, BTC was trading at $71,109 on Binance’s USDT market, up 2.61% from the previous day. On Upbit, it was quoted at 103.76 million won.
Meanwhile, according to Cryprice, the “kimchi premium” for major crypto assets such as Bitcoin (BTC) stands at -0.69%.
The move is also seen as partly reflecting expectations for easing geopolitical tensions after Israel said it does not want a prolonged war with Iran.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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