[Market Update] Bitcoin Temporarily Drops Below $107,000... Kimchi Premium at 1.08%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily gave up the $107,000 level.
- It was stated that the United States' May Core Personal Consumption Expenditures (PCE) Price Index exceeded market expectations, leading to short-term bearishness due to inflation concerns.
- According to Cryprice, the Kimchi Premium is reported to be 1.08%.
Bitcoin (BTC) temporarily gave up the $107,000 level.
As of 21:35 on the 27th, according to the Binance USDT market, BTC is trading at $106,926, down 0.24% from the previous day. Bitcoin showed a short-term bearish trend as concerns over inflation rose when the United States' Core Personal Consumption Expenditures (PCE) Price Index for May exceeded market expectations.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) such as Bitcoin (BTC) is recorded at 1.08%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
