[Market Update] Bitcoin Temporarily Recovers to $103,000… Kimchi Premium at 2.67%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily recovered to $103,000.
- The price dropped due to tensions between Donald Trump and Elon Musk, but later partially recovered.
- It was reported that the Kimchi Premium for major virtual assets slightly increased to 2.67%.
Bitcoin (BTC) temporarily recovered to $103,000.
As of 15:13 on the 6th, the BTC price is trading at $103,051 on the Binance USDT market, down 1.42% from the previous day (₩143,630,000 on Upbit). After having fallen to around $100,500 at one point due to tensions between former U.S. President Donald Trump and Elon Musk, CEO of Tesla, Bitcoin later regained strength and partially recovered its losses.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) such as Bitcoin (BTC) is slightly up, currently recorded at 1.46%.
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)
