[Market Update] Bitcoin Temporarily Gives Up $108,000...Kimchi Premium at 1.27%

Source
Minseung Kang

Summary

  • Bitcoin has temporarily given up $108,000, indicating a price adjustment.
  • On the Binance USDT market, Bitcoin is trading at $108,088, down 1.05% from the previous day.
  • The current Kimchi Premium for Bitcoin is recorded at 1.27%.
Image = Shutterstock
Image = Shutterstock

Bitcoin (BTC) has temporarily given up $108,000.

As of 21:13 on the 23rd, Bitcoin is trading at $108,088 on the Binance USDT market, down 1.05% from the previous day (150.85 million KRW on the Upbit exchange). Bitcoin has historically shown a pattern of adjustment after reaching an all-time high, indicating caution regarding short-term volatility.

Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies, including Bitcoin (BTC), is recorded at 1.27%.

publisher img

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
What did you think of the article you just read?