Editor's PiCK
[Market Update] Bitcoin Temporarily Drops Below $109,000...Kimchi Premium at 1.26%
Minseung Kang
Summary
- Bitcoin (BTC) temporarily dropped below $109,000, trading at $108,944, down 1.93% from the previous day.
- It was noted that caution is needed against short-term volatility, as Bitcoin has historically corrected after reaching all-time highs.
- The current Kimchi Premium is reported to be 1.26%.
Bitcoin (BTC) temporarily dropped below $109,000.
As of 20:59 on the 23rd, BTC is trading at $108,944 on the Binance USDT market, down 1.93% from the previous day (151.73 million KRW on Upbit exchange). Bitcoin has historically shown a pattern of corrections after reaching all-time highs, indicating caution against short-term volatility.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies including Bitcoin (BTC) is at 1.26%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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