Breaking
[Market Update] Bitcoin (BTC) Temporarily Drops Below $96,000... Kimchi Premium at 4.75%
Minseung Kang
Summary
- Bitcoin (BTC) temporarily dropped below the $96,000 level following recent remarks by Chairman Jerome Powell.
- The Kimchi Premium recorded 4.75%, showing a recent upward trend.
- The BTC price fell by 1.26% compared to the previous day on the Binance USDT market.
Bitcoin (BTC) temporarily dropped below $96,000.
On the 22nd, the BTC price was trading at $96,303 (146.16 million KRW on Upbit) on the Binance USDT market at 14:32, down 1.26% from the previous day. Bitcoin has been on a downward trend following the remarks by Jerome Powell, the Chairman of the Federal Reserve, about the impossibility of Bitcoin reserves.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies, including Bitcoin (BTC), has been on the rise, recording 4.75%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
