[Market Update] Bitcoin (BTC) briefly recovers $95,000... Kimchi Premium at 0.21%
Minseung Kang
Summary
- Bitcoin (BTC) briefly recovered $95,000, showing an upward price trend.
- Despite the rise in consumer sentiment index, high inflation expectations triggered market anxiety.
- The Kimchi Premium was recorded at 0.21%, indicating the trend of virtual asset prices in the Korean market.
Bitcoin (BTC) briefly recovered $95,000.
On the 25th, BTC price was trading at $94,773 (137,010,000 KRW on Upbit) at 11:24 PM on the Binance USDT market, up 2.22% from the previous day.
Earlier, the University of Michigan's April consumer sentiment index exceeded market expectations, suggesting that consumer economic sentiment has somewhat improved. On the other hand, the one-year expected inflation rate was 6.5%, slightly below the expected 6.7%, but still at a high level, indicating persistent concerns about inflation.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recorded at 0.21%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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