[Market Update] Bitcoin (BTC) Temporarily Gives Up $85,000...Kimchi Premium at 1.4%

Minseung Kang

Summary

Bitcoin (BTC) has temporarily given up the $85,000 level.
The current BTC price is trading at $84,988, up 6.99% compared to the previous day.
Bitcoin's Kimchi premium is recording 1.4%.

Bitcoin (BTC) has temporarily given up the $85,000 level.

As of 3:38 PM on the 1st, BTC price is trading at $84,988 (126.26 million KRW on Upbit exchange), up 6.99% compared to the previous day, based on the Binance USDT market. While uncertainty grows due to Trump's tariff war, funds are moving to safe-haven assets, causing risky assets like the stock market to continue weakening.

Meanwhile, according to CryptoPrice today, the Kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recording 1.4%.

BTC

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

[Market Update] Bitcoin (BTC) Temporarily Gives Up $85,000...Kimchi Premium at 1.4%

PiCK News

So much for 'digital gold'… “Broke below 100 million won” retail investors in shock

Bitcoin plunge fuels community rumors of a “major entity bankruptcy”

2,900% ‘storm growth’ in a year… “Stock tokenization, a growth engine that could create a ‘KOSDAQ 3,000’”

Strategy: “Bitcoin would have to fall to $8,000 to threaten our balance sheet”

"If you don't like regulation, leave"…U.S. Treasury Secretary aims pointed remarks at the crypto industry

Trending News