[Market Update] Bitcoin (BTC) briefly recovers $83,000... Kimchi Premium at 2.33%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) briefly recovered $83,000.
- It was stated that inflation concerns have somewhat eased following the release of the U.S. March Producer Price Index (PPI).
- It was reported that Bitcoin's Kimchi Premium is recorded at 2.33%.
Bitcoin (BTC) briefly surpassed $83,000.
As of 10:40 PM on the 11th, BTC is trading at $83,107 on the Binance USDT market, up 2.43% from the previous day (121.52 million KRW on the Upbit exchange). The U.S. March Producer Price Index (PPI) released earlier fell short of market expectations, which is interpreted as slightly easing inflation concerns.
Meanwhile, according to Cryprice, the Kimchi Premium of major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recorded at 2.33%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
