Editor's PiCK
[Market] Bitcoin Temporarily Recovers to $104,000…Kimchi Premium at 2.61%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily recovered $104,000.
- The kimchi premium on Upbit exchange reportedly increased slightly to 2.61%.
- The European Union (EU) stated that it has begun preparing countermeasures in response to the U.S. steel tariffs.
Bitcoin (BTC) temporarily recovered to $104,000.
As of 22:00 on the 31st, based on the Binance USDT market, the BTC price is trading at $103,991 (₩147,750,000 on Upbit exchange), down 1.61% from the previous day. Earlier in the day, the European Union (EU) Commission expressed deep regret over recent high tariffs imposed by President Donald Trump of the United States on steel and announced the start of preparations for countermeasures.
Meanwhile, according to Cryprice, the kimchi premium—the price gap for major crypto assets (cryptocurrencies) such as Bitcoin (BTC)—has slightly increased to 2.61%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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