Bitcoin has been hovering around the $89,000 level, taking a breather. Bitcoin was trading at $89,241 as of 8:00 a.m. local time, up 0.12% from yesterday. The mixed tone has largely been attributed to the Fed holding rates at 3.50-3.75% at its first FOMC meeting of the year, signaling a wait-and-see stance. Fed Chair Jerome Powell cited unexpectedly strong momentum in the U.S. economy to justify keeping rates unchanged.
But President Donald Trump’s calls for rate cuts and internal dissent within the committee have added political tension to the policy outlook. At the same time on the domestic exchange Bithumb, Bitcoin was down 0.28% from the previous day at 129,390,000 won (about $89,406). The so-called ‘kimchi premium’—domestic prices higher than overseas—stood at about 1.18%. Solana was down 1.54%, XRP down 0.14%, Ethereum down 0.03%, and Tether down 0.02% from the prior session.
Bitcoin was trading at $89,241 as of 8:00 ET, up 0.12% from yesterday, keeping near the $89,000 level. The Federal Reserve left rates unchanged at 3.50-3.75% in its first FOMC meeting of the year, signaling a cautious stance for policy going forward. Fed Chair Jerome Powell cited the economy’s unexpectedly strong momentum to justify keeping rates steady, highlighting the effectiveness of the pause in the current environment. Yet, Trump’s calls for rate cuts and internal dissent within the committee add political tension to the policy outlook.
On the domestic front, Bithumb showed Bitcoin down 0.28% at 129,390,000 won (about $89,406). The kimchi premium stood at 1.18%. In other assets, Solana fell 1.54%, XRP declined 0.14%, Ethereum slipped 0.03%, and Tether edged down 0.02% from the prior session.
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