Thursday, November 6, 2025

Bitcoin Rebounds Slightly to $103,000 After 'Black Wednesday' [Crypto Briefing]

Input
2025-11-06 10:46:20
Updated
2025-11-06 10:46:20
On May 5, following a sharp decline, the price of Bitcoin was displayed on the electronic board at the Upbit customer center in Gangnam, Seoul. Photo = News1

[Financial News] On the 6th, Bitcoin was trading at around $103,000. After plunging below the $100,000 mark the previous day, the price rebounded as bargain hunters entered the market.
According to CoinMarketCap, a global digital asset information platform, Bitcoin was trading at approximately $103,000 as of 10 a.m., up 3.07% over the past 24 hours. Over the past week, Bitcoin has fallen by 6.22%.
In the Korean won market, Bitcoin was trading at around 154 million won. According to CryPrice, a global digital asset price comparison platform, the Korea premium stood at 3.37%.
Bitcoin dropped to around $99,000 the previous day. This is the lowest level in about five months since it reached $98,000 in June, when tensions in the Middle East escalated following a U.S. attack on Iran. The prolonged U.S. federal government shutdown and growing concerns about the AI-driven stock market have fueled risk aversion toward digital assets.
However, investors who viewed the drop as a short-term correction took the opportunity to buy at lower prices. Remarks by U.S. President Donald Trump also influenced investor sentiment.
Global cryptocurrency exchange Binance reported via its official social media account that President Trump, in an economic speech on the 5th (local time), said, 'Cryptocurrencies ease pressure on the dollar,' and declared, 'I will make the United States a Bitcoin superpower and the world capital of cryptocurrencies.'
At the same time, Ethereum was trading at around $3,404, up 5.10% from the previous day. XRP (Ripple) was up 7.76%, trading at approximately $2.34.

yimsh0214@fnnews.com Im Sang-hyuk Reporter