Bitcoin Slightly Rebounds to $114,000 on Bargain Buying [Crypto Briefing]

[Financial News] Bitcoin has slightly rebounded to the $114,000 level on the 21st. As it showed weakness with the collapse of the $113,000 level the previous day, investors flocked to bargain buying, leading to a price increase.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $114,000 as of 10 a.m. today, up 0.93% compared to the previous day (24-hour basis). Bitcoin fell to the $112,000 level the previous day but is showing signs of rising again.
Bitcoin is trading at 159 million won in the Korean won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is -0.15%.
Investors are paying attention to the Jackson Hole meeting, an economic policy symposium in the United States, starting on the 21st (local time). Jerome Powell, the chairman of the U.S. Federal Reserve, is scheduled to speak on the 22nd (local time), and there is keen interest in whether there will be any mention of a rate cut in September.
At the same time, Ethereum is trading at $4,324, up 5.28% compared to the previous day. XRP (Ripple) is trading at $2.94, up 2.15% compared to the previous day.

yimsh0214@fnnews.com Sanghyuk Yim, Reporter