[Market Update] Bitcoin Temporarily Drops Below $105,000... Kimchi Premium at 1.57%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily fell below $105,000.
- It was stated that investor sentiment is weakening due to escalating tensions in the Middle East.
- The Kimchi Premium for major cryptocurrencies, including Bitcoin, was recorded at 1.57%.
Bitcoin (BTC) temporarily dropped below $105,000.
As of 16:14 on the 14th, BTC is trading at $104,894 in the Binance USDT market, up 0.47% from the previous day (₩145,800,000 on Upbit exchange). Recently, there's analysis suggesting that heightened tensions in the Middle East are dampening investor sentiment towards risk assets.
Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies such as Bitcoin (BTC) is recorded at 1.57%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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