[Market Update] Bitcoin Temporarily Recovers to $97,000...Kimchi Premium at 1.85%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily recovered to $97,000.
- It was stated that the U.S. non-farm payroll data exceeded expectations, positively impacting Bitcoin prices.
- It was reported that Bitcoin's Kimchi Premium is recorded at 1.85%.
Bitcoin (BTC) temporarily recovered to $97,000.
On the 2nd, BTC price is trading at $97,608 (₩138,990,000 on Upbit) on the Binance USDT market as of 23:35, up 1.27% from the previous day. The U.S. non-farm payroll data released earlier exceeded expectations, showing a robust labor market.
Meanwhile, according to Cryprice, the Kimchi Premium of major virtual assets (cryptocurrencies) including Bitcoin (BTC) is recorded at 1.85%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
