[Market] Bitcoin (BTC) briefly recovers to $92,000... Kimchi Premium at 3.47%

Source
Minseung Kang

Summary

  • Bitcoin (BTC) briefly recovered to $92,000.
  • Currently, Bitcoin is trading at $91,739, having recovered some of its losses.
  • The Kimchi Premium is at 3.47%, drawing attention from investors.

Bitcoin (BTC) briefly recovered to $92,000.

On the 13th, BTC price was trading at $91,739 (139.6 million KRW on Upbit) on the Binance USDT market at 23:50, down 3.54% from the previous day. Bitcoin expanded its decline during the day, recording a low of $88,909 in the futures market, but later recovered some of the losses. In the virtual asset (cryptocurrency) futures market, liquidation volumes are increasing, leading to heightened volatility.

Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) like Bitcoin (BTC) is at 3.47%.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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