Summary
- It was reported that Bitcoin is temporarily trading below the $95,000 mark.
- The hawkish rate cut by the U.S. Federal Reserve and Chairman Powell's statement against hoarding are said to be continuing Bitcoin's weakness.
- It was reported that Bitcoin's Kimchi Premium is at 4.25%.
Bitcoin (BTC) temporarily returned to $95,000.
On the 23rd, the BTC price is trading at $94,904, down 1.68% from the previous day, based on the Binance USDT market at 15:35. Bitcoin has been on a downward trend following the recent hawkish (preference for monetary tightening) rate cut by the U.S. Federal Reserve (Fed) and Chairman Powell's statement against Bitcoin hoarding.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is at 4.25%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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