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[Market Update] Bitcoin (BTC) Temporarily Recovers to $105,000... Major Altcoins Also Rebound

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Minseung Kang
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  • Bitcoin (BTC) temporarily recovered to $105,000 after the Federal Open Market Committee (FOMC) interest rate decision.
  • Among altcoins, Litecoin (LTC) rose 7% on news of the U.S. SEC's initiation of ETF review.
  • The Kimchi Premium for Bitcoin and others is recorded at 5.36%, indicating potential additional price volatility in the Korean market.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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Bitcoin (BTC) temporarily recovered to $105,000.

On the 30th, BTC price was trading at $105,163, up 2.89% from the previous day, based on the Binance USDT market (159.55 million KRW on Upbit).

Bitcoin has shown a slight upward trend since the Federal Open Market Committee (FOMC) interest rate decision in January. Economist and renowned cryptocurrency trader Alex Kruger evaluated, "This FOMC meeting was a 'good' announcement that met market expectations."

Altcoins, including Ethereum (ETH), also saw a slight rebound. In particular, Litecoin (LTC) rose 7% on news that the U.S. Securities and Exchange Commission (SEC) has begun the review process for a Litecoin spot ETF.

Meanwhile, according to Cryprice, the Kimchi Premium for major cryptocurrencies like Bitcoin (BTC) is recorded at 5.36%.

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Minseung KangholderBadgeholderBadge dark

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.