Bitcoin Weakens to $107,000 Amid U.S.-China Tensions... “Caution Advised for Corrections” [Crypto Briefing]

[Financial News] On the 23rd, Bitcoin (BTC) showed weakness around the $107,000 mark as investors watched escalating trade tensions between the U.S. and China. Some analysts predict that BTC could fall below the $100,000 level, entering a short-term correction phase.
According to CoinMarketCap, a global virtual asset information platform, as of 10 a.m. today, BTC was trading at around $107,000, down 0.18% from the previous day (24-hour basis). Since yesterday, BTC has been fluctuating around the $100,000 level.
In the Korean won market, BTC was trading at approximately 163 million won. According to Cryprice, a global virtual asset comparison platform, the Korea premium stood at 5.68%.
As U.S.-China trade tensions reignited, the market appeared to freeze. On the 22nd (local time), reports emerged that the U.S. government is considering restricting exports to China of products that include U.S. software or are made using it. This move is seen as a response to China's rare earth export restrictions and the imposition of new port fees on U.S. vessels.
All three major New York stock indexes also suffered losses. The DJIA fell 334.33 points (0.71%) to 46,590.41, the Standard & Poor's 500 Index (S&P 500) dropped 35.95 points (0.53%) to 6,699.40, and the Nasdaq Stock Market (Nasdaq) closed down 213.27 points (0.93%) at 22,740.40.
Some experts predict that BTC may lose the $100,000 level due to heightened U.S.-China tensions. Jeff Kendrick, Head of SC Digital Asset Research, stated in a report on the 22nd (local time), “BTC will fall below $100,000 amid the U.S.-China trade war. However, once the situation stabilizes, bargain hunters are likely to step in, ending the decline in a short period.”
At the same time, Ethereum was trading at around $3,816, down 0.73% from the previous day. XRP (Ripple Labs) was down 1.95%, trading at approximately $2.36.

yimsh0214@fnnews.com Im Sang-hyuk Reporter