Markets


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Bitcoin Drops 6% in Korea, Shrinking the 'Kimchi Premium'

Bitcoin lost ground after Upbit suspended KRW deposits and withdrawals.

kimchi-2449656_1920

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Crypto Asset Flows Bounced Back Last Week, Ending Record $4.5B Quarterly Haul

Inflows to crypto funds jumped from a five-month low of $21 million the prior week.

Crypto asset fund flows

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Bitcoin Analysts Say 'Kimchi Premium' Isn't Distress Signal It Once Was

Bitcoin is drawing the highest "kimchi premium" in three years, indicating retail frenzy in South Korea.

The South Korean Financial Services Commission is extending a ban on short-selling after last week's GameStop share price pump.

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XRP Rises Above $1 for First Time Since March 2018, Despite SEC Shadow

The XRP token's price continues to draw support from a community of loyal and devoted cryptocurrency traders.

(PhotoMosh)

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Bitcoin Rangebound With Support Near $57,900

BTC continues to consolidate, although selling pressure remains limited to rising support levels on intraday charts.

BTC hourly chart

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Bitcoin Awaits Institutional Demand for Next Leg Higher, Oanda Says

Bitcoin's intraday rally follows a near 36% rise over the past month as traders look to institutional demand to fuel further upside.

bull, bear

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Bitcoin, Fiat Currencies Unnerved Even as Goldman Ditches Short USD Trade

Bitcoin has rallied by over 400% since Goldman Sachs issued a short dollar recommendation on Oct. 9.

Goldman Sachs

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Bitcoin Fails to Break $60K; Short-Term Support Near $56K

BTC will need to break above $60,000 to resume the uptrend.

BTC Hourly Chart

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XRP Hits Two-Month Price High in Wake of Ether Rally

XRP has completely recouped its losses resulting from the SEC's lawsuit against Ripple Labs late last year.

(PhotoMosh)

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