[Market Situation] Bitcoin (BTC) Temporarily Recovers to $82,000... Kimchi Premium at 1.71%
Minseung Kang
Summary
- Bitcoin (BTC) has gained attention as it temporarily recovered to $82,000.
- The U.S. January Core PCE price index matched expectations, easing inflation concerns.
- The Kimchi premium is recording 1.71%, drawing market attention.
Bitcoin (BTC) has temporarily recovered to $82,000.
As of 11:18 PM on the 28th, BTC price is trading at $81,892 (121.69 million won on Upbit exchange), down 4.45% from the previous day based on the Binance USDT market. This is interpreted as the U.S. January Core Personal Consumption Expenditure (PCE) price index announced earlier today matching market expectations (2.6%), somewhat calming inflation concerns.
Meanwhile, according to CryptoPrice today, the Kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recording 1.71%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
