[Market Update] Bitcoin (BTC) Temporarily Recovers $104,000...Kimchi Premium at 0.14%
Minseung Kang
Summary
- Bitcoin (BTC) temporarily surpassed $104,000, showing an upward trend.
- The announcement of Swiss trade negotiations between the U.S. and China positively impacted the market.
- The Kimchi Premium for Bitcoin is relatively low at 0.14%.
Bitcoin (BTC) temporarily surpassed $104,000.
As of 4:44 PM on the 9th, BTC is trading at $103,881 on the Binance USDT market, up 4.66% from the previous day (145,770,000 KRW on the Upbit exchange). The upcoming trade negotiations in Switzerland between U.S. Treasury Secretary Scott Bessent and Chinese officials are expected to ease tensions between the two countries, which is seen as having a positive impact on risk assets overall.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies, including Bitcoin (BTC), is at 0.14%.
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)
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