[Market Update] Bitcoin Temporarily Drops Below $110,000...Kimchi Premium at 1.55%
Minseung Kang
Summary
- The price of Bitcoin has temporarily dropped below $110,000, raising caution about short-term volatility.
- Currently, Bitcoin is trading at $109,610 on the Binance market, down 1.28% from the previous day.
- The Kimchi Premium is recorded at 1.55%, indicating a price difference between domestic and overseas exchanges.
Bitcoin (BTC) has temporarily dropped below $110,000.
As of 8:49 PM on the 23rd, Bitcoin is trading at $109,610 on the Binance USDT market, down 1.28% from the previous day (152.5 million KRW on Upbit exchange). Given Bitcoin's history of undergoing corrections after reaching all-time highs, there is a sense of caution regarding short-term volatility.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies, including Bitcoin (BTC), is at 1.55%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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