Bitcoin Recovers to $110,000 Level on Dip Buying Sentiment [CryptoBriefing]
- Input
- 2025-08-27 10:50:41
- Updated
- 2025-08-27 10:50:41
Up 1.58% to $111,000 from the Previous Day
Rebound Due to Inflow of Spot ETF Dollars
Rebound Due to Inflow of Spot ETF Dollars
[Financial News] Bitcoin successfully recovered to the $110,000 level on the 27th. As expectations for a cut in the U.S. base rate faded, prices plummeted, leading dip-buying investors to drive the price rebound.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $111,000, up 1.58% from the previous day (24-hour basis) as of 10:35 AM on the 27th. Bitcoin was at the $109,000 level until the previous day but rose to the $112,000 level at one point today.
Bitcoin is trading at 155 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is 0.37%.
Virtual assets showed strength on the 22nd (local time) following Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), hinting at a rate cut in September, but as expectations for an actual cut faded, they entered a brief adjustment phase. According to the fear and greed index on Upbit, a won-based virtual asset exchange, it is at 51, indicating a 'neutral' state. The higher the number, the stronger the market's investment sentiment is interpreted.
Kim Ji-won, a researcher at KB Securities, analyzed, "The aftermath of Jerome Powell's Jackson Hole speech is continuing, and the overall U.S. stock market is declining," adding, "The results of indicators released before the September meeting have become important, highlighting caution."
However, investors are showing signs of buying, judging that Bitcoin has recently fallen too sharply. The 11 Bitcoin spot exchange-traded funds (ETFs) listed in the United States recorded a net purchase for two consecutive trading days recently, with $219.1 million and $11.3 million coming in, respectively. It was found that a total of $1.1156 billion has flowed into the nine Ethereum spot ETFs listed in the United States over the past four trading days.
As the buying volume flows in, altcoins excluding Bitcoin are also on the rise. At the same time, Ethereum is trading at $4,563, up 4.28% from the previous day. XRP (Ripple) is trading at $3, up 4.44%.
yimsh0214@fnnews.com Sang-hyuk Lim, Reporter