Bitcoin Falls Below $84,000 as Kimchi Premium Remains Near Zero

  • Bitcoin traded below $84,000 at $83,678.08 late September 30 in Korea.
  • Bitcoin was down 0.3% over 24 hours and 0.46% from a week earlier.
  • Cryprice recorded a 0.10% kimchi premium at 11:23 p.m. in Korea.

Bitcoin fell below $84,000, trading at $83,678.08 at 11:23 p.m. on September 30 in Korea, down 0.3% over 24 hours and 0.46% from a week earlier, according to CoinMarketCap. The move placed the token below the $85,000 area it had approached after softer August PCE inflation data reduced Treasury-yield pressure and lowered expectations of a further Federal Reserve rate increase in October. Cryprice put the kimchi premium, the price difference between Korean and overseas markets, at 0.10%, keeping it in the 0% range. Earlier readings on September 30 had placed Bitcoin near $83,000-$83,323, an area identified as technical support, while U.S. spot Bitcoin ETFs had continued to record inflows.

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