Summary
- It was reported that Bitcoin (BTC) temporarily gave up the $107,000 level.
- Due to escalating tensions in the Middle East, there is an interpretation that investor appetite for risk assets has declined.
- The Kimchi Premium for major crypto assets including Bitcoin has reached 1.29%.
Bitcoin (BTC) temporarily fell below $107,000.
As of 8:42 PM on the 12th, based on the Binance USDT market, BTC is trading at $107,091—a 1.92% drop from the previous day (₩146,900,000 on Upbit).
Recent tensions in the Middle East have led to a decreased appetite for risk assets, according to analysts.
Meanwhile, according to Cryprice, the Kimchi Premium on major crypto assets (cryptocurrencies) such as Bitcoin (BTC) is recorded at 1.29% today.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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