PiCK
[Market Update] Bitcoin temporarily drops below $107,000... Kimchi Premium at 1.69%
Minseung Kang
Summary
- Bitcoin (BTC) reportedly temporarily lost the $107,000 level.
- The current Kimchi Premium is stated to be 1.69%.
- It is analyzed that remarks about the U.S. court's tariff ruling can trigger market risk aversion.
Bitcoin (BTC) temporarily gave up the $107,000 level.
As of 23:23 on the 29th, BTC price is trading at $106,981 (₩149,410,000 on Upbit exchange), down 0.89% from the previous day according to Binance USDT market.
Earlier today, Kevin Hassett, chairman of the White House National Economic Council (NEC), said in connection with the recent U.S. court ruling that blocked President Trump’s tariffs that the decision would be overturned. This statement is also analyzed to potentially trigger heightened risk aversion in the market.
Meanwhile, according to Cryprice, the Kimchi Premium on major digital assets (cryptocurrencies) such as Bitcoin (BTC) stands at 1.69%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.