Bitcoin Weakens to $113,000 Amid U.S. Stagflation Concerns [Crypto Briefing]

[Financial News] Bitcoin is showing weakness at the $113,000 level on the 6th due to concerns about stagflation (inflation rising amid economic slowdown) in the United States.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $113,000 as of 10 a.m. today, down 0.88% from the previous day (24-hour basis). At one point today, it fell to the $112,000 level.
Bitcoin is trading at 159 million won in the won market. According to Cryprice, a global virtual asset market comparison platform, the Korean premium is 0.78%.
The Institute for Supply Management (ISM) in the United States announced on the 5th (local time) that the U.S. services Purchasing Managers' Index (PMI) fell 0.7p from the previous month to 50.1. This is below the expert forecast of 51.1 compiled by Dow Jones.
PMI is an economic indicator that indexes the results of surveys on new orders, inventory, and employment conditions from corporate purchasing and supply managers. A reading below 50 is interpreted as a 'contraction phase'. It is analyzed that concerns about stagflation due to worsening employment and tariff policies have increased.
At the same time, Ethereum is trading at $3,576, down 3.25% from the previous day. XRP (Ripple) is trading at $2.93, down 4.89%.

yimsh0214@fnnews.com Sanghyuk Lim, Reporter