[Market Situation] Bitcoin (BTC) Temporarily Recovers to $80,000... Kimchi Premium at 1.24%
Minseung Kang
Summary
- Bitcoin's price temporarily recovered to $80,000, according to the report.
- The report stated that fear sentiment is spreading as volatility increases across the cryptocurrency market.
- The Kimchi premium for major cryptocurrencies including Bitcoin was reported at 1.24%.
Bitcoin (BTC) has temporarily recovered to $80,000.
As of 6:29 PM on the 28th, BTC price is trading at $80,522 (111.92 million won on Upbit exchange), down 8.59% compared to the previous day, based on Binance USDT market. As Bitcoin expands its decline, analysis suggests that volatility across the cryptocurrency market is increasing and fear sentiment is spreading.
Meanwhile, according to Cryprice today, the Kimchi premium for major cryptocurrencies including Bitcoin (BTC) is recording 1.24%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
