[Market Update] Bitcoin (BTC) Temporarily Recovers $99,000... Kimchi Premium at 6.59%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily recovered to $99,000.
- It was noted that the Kimchi Premium is drawing attention by recording 6.59%.
- It was reported that the U.S. non-farm payroll data fell short of expectations.
Bitcoin (BTC) temporarily recovered to $99,000.
On the 7th, BTC price was trading at $99,392 (153.55 million KRW on Upbit) on the Binance USDT market at 11:09 PM, up 0.87% from the previous day. The U.S. non-farm payroll data released earlier in the day fell short of expectations, indicating that the overheated labor market is gradually cooling down.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) like Bitcoin (BTC) is recorded at 6.59%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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