Bitcoin Sees Slight Rebound to $108,000 Following U.S. Stock Market Gains [Crypto Briefing]

[Financial News] On the 20th, Bitcoin (BTC) managed a slight rebound to the $108,000 level after the U.S. stock market recovered over the weekend. This uptick is attributed to easing U.S.-China trade tensions and reduced concerns over bad loans at regional banks.
According to CoinMarketCap, as of 10 a.m. today, BTC was trading at around $108,000, up 1.08% over the past 24 hours. BTC had dropped to $104,000 on the 17th but briefly climbed to $109,000 during the session.
On the Korean won market, BTC is trading at approximately 164 million won. According to the global crypto price comparison platform Cryprice, the Korea premium stands at 6.99%.
Market analysts cite optimism over resolving U.S.-China tensions as the primary driver. President Donald Trump publicly stated that he would meet with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju on the 31st.
Additionally, recent concerns about bad loans at U.S. regional banks have also eased. Moody's Corporation noted, "There are no signs of contagion that could trigger a widespread financial crisis due to concerns over bad loans at regional banks."
As a result, on the 17th (local time), all three major indices on the New York Stock Exchange (NYSE) closed higher. The Dow Jones Industrial Average (DJIA) rose 238.37 points (0.52%) to 46,190.61. The Standard & Poor's 500 Index (S&P 500) gained 34.94 points (0.53%) to close at 6,664.01, while the Nasdaq Stock Market (Nasdaq) climbed 117.44 points (0.52%) to 22,679.98.
At the same time, Ethereum was trading at around $3,943, up 1.90% from the previous day. XRP (Ripple Labs) was up 1.41% at about $2.38.


yimsh0214@fnnews.com Im Sang-hyuk Reporter