[Market Update] Bitcoin (BTC) Temporarily Surrenders $91,000...Kimchi Premium at 3.58%
Minseung Kang
Summary
- Bitcoin (BTC) has temporarily surrendered the $91,000 mark, showing a downward trend.
- Strong U.S. employment figures and sticky inflation concerns are exacerbating Bitcoin's weakness.
- The Kimchi Premium for Bitcoin is at 3.58%, requiring investors' attention.
Bitcoin (BTC) temporarily surrendered the $91,000 mark.
On the 13th, the BTC price was trading at $90,888 (138.84 million KRW on Upbit) as of 8:43 PM on the Binance USDT market, down 3.62% from the previous day. Bitcoin continues to weaken amid concerns over strong U.S. employment figures and sticky inflation.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies, including Bitcoin (BTC), is at 3.58%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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