Bitcoin Recovers to $110,000 Level Due to Dollar Weakness [Crypto Briefing]

[Financial News] Bitcoin recovered to the $110,000 level on the 3rd. This is attributed to the dollar's weakness due to political and economic uncertainties both domestically and internationally in the US.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $111,000, up 2.06% from the previous day (24-hour basis) as of 10 a.m. on the 3rd. Bitcoin had been trading at the $100,000 level for five consecutive days until the previous day after falling from the $110,000 level on the 29th of last month but recovered to the $110,000 level again on this day.
Bitcoin is trading at the 155 million won level in the won market. According to Cryprice, a global virtual asset market comparison platform, the Korean premium is -0.04%.
Recently, as the expectation of a US Federal Reserve (Fed) interest rate cut has increased, the dollar has weakened, and investment funds are flocking to virtual assets. Additionally, the increase in uncertainty within the US, such as the US court ruling that the Trump administration's reciprocal tariff policy is illegal even in the appellate court, has also led to dollar weakness.
Not only virtual assets but also gold prices are soaring. According to the London Bullion Market Association (LBMA), the gold price was set at $3,475 per troy ounce (31.1g) at the auction on the 2nd (local time), hitting a record high. The silver price recorded $40.76 per ounce, reaching the highest level in 14 years.
At the same time, Ethereum is trading at $4,309, up 0.04% from the previous day. XRP (Ripple) is trading at $2.83, up 2.76%.


yimsh0214@fnnews.com Sanghyuk Lim, Reporter