[Market Update] Bitcoin (BTC) Temporarily Recovers to $99,000... Kimchi Premium at 2.73%
Minseung Kang
Summary
- Bitcoin (BTC) has temporarily recovered to $99,000.
- SEC's withdrawal of the Coinbase lawsuit has influenced Bitcoin's upward trend.
- The Kimchi premium recording 2.73% is drawing market attention.
Bitcoin (BTC) has temporarily recovered to $99,000.
As of 22:21, BTC price is trading at $99,042 (146.03 million KRW on Upbit), up 1.79% from the previous day on Binance's USDT market. Bitcoin is showing an upward trend as the U.S. Securities and Exchange Commission (SEC) is reportedly planning to fully withdraw its lawsuit against Coinbase.
Meanwhile, according to Cryprice, the Kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recording 2.73%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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