[Market Update] Bitcoin (BTC) Temporarily Recovers to $98,000... 'Labor Market Overheating Eases'
Minseung Kang
Summary
- Bitcoin (BTC) temporarily recovered to $98,000 following the employment data release.
- US initial jobless claims exceeded expectations, indicating a cooling labor market.
- The kimchi premium for major virtual assets is recording 3.11%.
Bitcoin (BTC) has temporarily recovered to $98,000.
BTC price is trading at $97,567 as of 23:55, up 1.74% from the previous day on the Binance USDT market (equivalent to 144.94 million KRW on Upbit).
Bitcoin showed a short-term upward trend following the employment data release. The number of initial jobless claims in the US for the previous week exceeded market expectations, suggesting a cooling in the US labor market.
Meanwhile, according to Cryprice, the kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recording 3.11%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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