Bitcoin extended its retreat, slipping below 100 million won for the first time in 16 months on the afternoon of the sixth. The move underscores renewed volatility in the crypto market and signals cautious sentiment among traders. In Seoul, the Upbit customer center marquee displayed prices for Bitcoin and other altcoins, including Ripple, in real time.
Market participants are watching the next support level as global risk appetite remains mixed. The decline follows weeks of downward pressure across major tokens, with traders weighing macro cues and liquidity conditions.
Analysts note that the 100 million won barrier remains a psychologically important level that could influence short-term momentum. Ripple and other altcoins may continue to ride Bitcoin’s moves, especially if trading volumes pick up on major exchanges.
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