Summary
- It is reported that the price of Bitcoin has temporarily given back $104,000.
- With cooling signals in the U.S. job market highlighted, it was stated that the market continues to show a bearish trend.
- The kimchi premium on major virtual assets including Bitcoin is reported to be 2.24%.
Bitcoin (BTC) has temporarily given back $104,000.
As of 23:25 on the 5th (Binance USDT market), the BTC price is trading at $104,186 (₩144,430,000 on Upbit), down 0.40% from the previous day. On this day, the news of a phone call between Donald Trump, President of the United States, and Xi Jinping, President of China, fostered optimism, but signals of a cooling U.S. job market have brought renewed concerns, keeping the market in a bearish trend.
Meanwhile, according to Cryprice, the kimchi premium on major virtual assets (cryptocurrencies) such as Bitcoin (BTC) is recorded at 2.24%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin drops intraday to the $72,000 level… debate over 'safe-haven credibility' reignited](https://media.bloomingbit.io/PROD/news/e3aeb7f7-851b-4479-bfd0-77d83a3b7583.webp?w=250)
