The price of Bitcoin, which had risen more than 40% in a month, retreated to the $102,000 range due to profit-taking sell orders.
As of 8 a.m. on the 13th, Bitcoin is trading at $102,863 (approximately 146.11 million won) according to global virtual asset market tracking site CoinMarketCap. This is a decrease of 0.91% compared to the previous day.
Bitcoin briefly rose to the $105,000 level the previous day, but fell to the $100,000 level early this morning. The fluctuations in Bitcoin's price today appear to be influenced by profit-taking sell orders. The price of Bitcoin has risen by about 40% compared to last month's low since the beginning of this month, which is interpreted as a surge in cashing out demand due to the rapid climb. Specialized virtual asset media CoinDesk noted that "investors seem to have 'bought on the rumor and sold on the news.'"
Meanwhile, as of 8 a.m. today, Ethereum is trading at $2,486 (approximately 3.5 million won), and Ripple is trading at $2.53 (approximately 3,600 won).