[Market] Bitcoin briefly fell back below $109,000... Kimchi premium 0.43%

Minseung Kang

Summary

Bitcoin (BTC) briefly exceeded $109,000 before giving it up.
The kimchi premium for major virtual assets stood at 0.43%.
After the U.S. July PCE price index matched market expectations, BTC briefly surpassed $111,000 before giving back its gains.

Bitcoin (BTC) temporarily gave up $109,000.

The BTC price, as of 22:58 on the 29th on the Binance USDT market, is trading at $109,054 (₩152,630,000 on Upbit), down 3.32% from the previous day.

Meanwhile, according to CrypPrice, the kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) stands at 0.43%.

Earlier, the U.S. July core Personal Consumption Expenditures (PCE) price index matched the market estimate (2.9%). Following this, Bitcoin (BTC) briefly surpassed $111,000 immediately after the inflation data was released at 21:33, but soon gave back its gains.

BTC

Minseung Kang

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

[Market] Bitcoin briefly fell back below $109,000... Kimchi premium 0.43%

PiCK News

[Key Economic and Crypto Calendar for the Week Ahead] US Weekly Initial Jobless Claims, etc.

BOK governor nominee: Shin Hyun-song, BIS monetary and economic department director, tapped—‘conservative on stablecoins’

Bitcoin Mining Difficulty Falls 7.8%… “Miner Exodus Widens Amid Shift to AI”

"U.S. SEC and CFTC interpretive guidance on cryptoassets set to take effect officially on the 23rd"

[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’

Trending News