Breaking
[Market Update] Bitcoin (BTC) Temporarily Returns $92,000... Kimchi Premium at 0.66%
Minseung Kang
Summary
- It was reported that Bitcoin's price is showing a downward trend at $91,923.
- It was stated that the increase in liquidation volume in the Bitcoin futures market is intensifying downward pressure.
- The Kimchi Premium was reported to be 0.66%, indicating a small relative price difference.
Bitcoin (BTC) temporarily returned to $92,000.
On the 30th, BTC price was trading at $91,923 (136.2 million KRW on Upbit) as of 23:59 on the Binance USDT market, down 2.89% from the previous day. It is interpreted that after Bitcoin returned to $93,000, the liquidation volume in the cryptocurrency futures market increased, intensifying downward pressure.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies including Bitcoin (BTC) is recorded at 0.66%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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