Even as the Greenland situation eases, Bitcoin is showing limited momentum. At 8:10 a.m. on the 23rd, Bitcoin was trading around 132,620,000 won on the Bithumb crypto exchange, up 0.16% from 24 hours earlier. The day before, former U.S. President Donald Trump said he would withdraw plans to impose EU tariffs tied to Greenland, pushing Bitcoin back toward the 133,000,000 won level and heightening market expectations. Geopolitical uncertainty has eased somewhat, but market reaction remains subdued.
Unlike the Kospi clearing 5,000 and the U.S. stock market’s relief rally, the crypto market has yet to establish a clear direction. In U.S. dollar terms, Bitcoin has struggled to reclaim the $90,000 level, fluctuating around $89,284.
Major altcoins showed similar patterns, with Ethereum up 0.30%, Solana up 0.42%, and Ripple up 0.25% in a broadly cautious market. The Kimchi Premium on the CryptoPrice platform stood at 1.33%, indicating domestic Bitcoin prices in Korea were higher than overseas levels. The Fear and Greed Index for the crypto market stood at 20 points, signaling Extreme Fear.
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