Bitcoin rebounded above the 100 million won mark, extending its gains as the crypto market posted a broadly positive tone. On Feb. 10, around 8:10 a.m. local time, Bitcoin was trading 1.24% higher than 24 hours earlier at KRW 103.89 million on the Bithumb exchange. In U.S. dollar terms, the price hovered around USD 70,000.
Altcoins followed higher, with Ethereum up 3.04%, Solana up 1.99%, and Ripple up 0.38% as they tracked Bitcoin’s strength. Market activity appears to be picking up, with higher volumes and more attention amid the short-term upside. CoinDesk reported Bernstein reaffirmed a year-end Bitcoin target of USD 150,000.
Kimchi premium stood at 0.99%, indicating domestic prices in Korea remained slightly above overseas levels. The Fear & Greed Index stood at 14, signaling extreme fear; a reading closer to zero suggests investors may be overly fearful and oversold, while higher readings indicate growing greed and potential risk of a correction.
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