Bitcoin was trading at KRW 127,370,000, down 2.98% over the past 24 hours, after having earlier slipped to KRW 126,000,000 before rebounding to KRW 127,370,000. It briefly touched KRW 126,000,000 earlier in the session and then recovered to KRW 127,370,000. In dollar terms, prices were around USD 85,450, with the intraday low near USD 84,400.
Major altcoins moved lower as well, with Ethereum down 3.85%, Solana down 4.65%, and Ripple down 4.67%. Despite cooler November CPI data that boosted the three major U.S. indices, the cryptocurrency market moved in the opposite direction. The Kimchi premium stood at 0.81%, indicating domestic prices traded higher than overseas markets.
The Fear & Greed Index for crypto sentiment registered 16, signaling Extreme Fear, while readings near zero suggest overselling and those near 100 imply potential corrections driven by greed. Market participants will be watching upcoming macro data and liquidity conditions as the divergence between equities and crypto persists. The current move underscores ongoing volatility in the digital asset space, with traders weighing local demand against global macro signals.
Leave a Reply