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🇰🇷 South Korea /Economy & Trade

Bitcoin pauses below $80,000 as markets await CPI and FOMC

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Context piece
  • Bitcoin fell 0.60% over 24 hours to $78,507 at 8:10 a.m., according to CoinMarketCap.
  • The cryptocurrency remained 1.63% higher than a week earlier, while Ethereum rose 0.07% to $2,486.

Bitcoin is catching its breath below $80,000. After climbing above that level last week, the cryptocurrency has moved sideways in the $70,000 range and shown signs of weakness.

Bitcoin stood at $78,507 at 8:10 a.m., down 0.60% from 24 hours earlier, according to CoinMarketCap. Despite the daily decline, it remained 1.63% higher than a week earlier.

Ethereum, the second-largest cryptocurrency by market capitalization, traded at $2,486, up 0.07%. Investors were focusing on upcoming U.S. consumer-price data and the Federal Open Market Committee meeting.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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