[Market Trends] Bitcoin Temporarily Recovers to $104,000... Kimchi Premium at 2.39%
Minseung Kang
Summary
- It was reported that the price of Bitcoin temporarily recovered to $104,000.
- Due to the conflict between Donald Trump and Elon Musk, Bitcoin dropped to around $100,500 before partially rebounding.
- The kimchi premium for major virtual assets increased to 2.39%.
Bitcoin (BTC) temporarily regained the $104,000 mark.
As of 9:03 p.m. on the 6th, BTC is trading at $103,959 in the Binance USDT market, down 0.81% from the previous day (₩144,750,000 on Upbit exchange). Due to the conflict between United States President Donald Trump and Tesla CEO Elon Musk, Bitcoin was once pushed down near $100,500 during the day, but later rebounded and recovered part of its losses.
Meanwhile, according to Cryprice, the kimchi premium—the price gap between Korea and overseas for major virtual assets (cryptocurrencies) such as Bitcoin (BTC)—has slightly increased to 2.39%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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