Bitcoin traded around KRW 102,103,000 on Bithumb, down 1.91% from 24 hours earlier. The same moment saw Bitcoin near $69,821, as risk-on sentiment returned across global markets after concerns over potential oil supply shocks eased and the asset reclaimed the 100 million won level. Major altcoins followed the broader weakness, with Ethereum down 1.59%, Solana down 2.26%, and Ripple down 2.92%. Last night, the three major U.S. stock indices ended mixed after a volatile session, underscoring a cautious backdrop for risk assets.
James Harris, CEO of The Tesseract Group, commented that Bitcoin’s recent price action has shown relatively resilient recovery amid ongoing macroeconomic uncertainty. Market data platform CryptoPriceMetrics notes the Kimchi premium stood at -0.68%, indicating domestic prices were cheaper than overseas. The crypto fear-and-greed index registered 13, signaling extreme fear among traders.
Leave a Reply