Bitcoin rebounded from an intraday slide to reclaim the 98,000,000 won level, trading at 98,470,000 won on the Korea-based exchange as of 3:15 p.m. local time. The cryptocurrency had slipped to the 95,000,000 won area earlier and briefly touched the 94,000,000 won range before rebounding. In U.S. dollar terms, Bitcoin was around $66,065, after briefly dipping toward the low $63,000s.
Major altcoins also pared losses, with Ethereum down 3.56%, Ripple down 1.45%, and Solana down 7.61%, though declines moderated from session highs. The broader market reflected a softer risk appetite as investors weighed weaker U.S. employment data against concerns over AI sector capital expenditure.
Analysts see potential support near the $60,000 level, citing the 200-week moving average as a floor in prior bear markets (2015, 2019, 2022). The Kimchi premium stood at 1.12%, indicating domestic prices remained slightly above overseas levels, while the fear and greed index sat at 9, signaling extreme fear. Traders will be watching whether the market can sustain the move higher as risk sentiment evolves.
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