[Market Update] Bitcoin briefly rebounds to $105,000... Kimchi premium at 1.92%

Source
Minseung Kang

Summary

  • Bitcoin (BTC) reportedly briefly recovered to $105,000.
  • It was noted that due to escalating conflict in the Middle East, the price dropped to $103,556 during the session, but later recovered some losses.
  • The kimchi premium for major virtual assets, including Bitcoin, reportedly increased slightly to 1.92%.

Bitcoin (BTC) briefly recovered to $105,000.

As of 17:05 on the 13th, based on the Binance USDT market, the BTC price is trading at $104,944 (₩146,320,000 on Upbit exchange), down 2.37% from the previous day. Amid escalating conflict in the Middle East, Bitcoin had dropped to around $103,556 during the session, but later showed signs of recovery, partially recouping its losses.

Meanwhile, according to Cryprice, the kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) has slightly increased, recording 1.92%.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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