[Market Update] Bitcoin (BTC) briefly recovers to $105,000... Kimchi Premium at 0.71%
Minseung Kang
Summary
- Bitcoin briefly recovered to $105,000, rising 2.37% from the previous day.
- The main reasons cited were optimistic outlooks on U.S. virtual asset policies and increased inflows into spot ETFs.
- The Kimchi Premium for Bitcoin is reported to be 0.71%.
Bitcoin (BTC) briefly recovered to $105,000.
As of 11:40 PM on the 16th, BTC is trading at $105,170 on the Binance USDT market, up 2.37% from the previous day (152.23 million KRW on the Upbit exchange). Bitcoin hit an intraday high of $106,648, driven by optimistic outlooks on U.S. virtual asset policies and increased inflows into spot ETFs.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets, including Bitcoin (BTC), is at 0.71%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.