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