Bitcoin Drops to $102,000 Amid Sluggish Spot ETF Inflows [Crypto Briefing]

[Financial News] On the 12th, Bitcoin (BTC) fell to the $102,000 level as inflows into spot exchange-traded funds (Spot ETF) slowed.
According to CoinMarketCap, as of 10 a.m. today, BTC was trading at around $102,000, down 3.14% over the past 24 hours. Over the past week, BTC has risen by 2.26%.
In the Korean won market, BTC is trading at approximately 154 million won. According to the global crypto price comparison platform Cryprice, the Korea premium stands at 2.19%.
The virtual asset market rebounded to the $107,000 level the previous day on expectations that the Federal government of the United States would end its shutdown. However, the market soon turned bearish again. Although official announcements from the US government have been delayed due to the shutdown, concerns over slowing employment in October and inflation have reduced the likelihood of additional interest rate cuts by the Federal Reserve System (Fed).
Institutional investors' inflows into Spot ETF have also dropped significantly. According to data provider Trader T, on the 10th (local time), US Bitcoin Spot ETF saw a net inflow of $1.15 million. There were no net inflows into the Ethereum Spot ETF. Previously, on September 29 (local time), the Bitcoin Spot ETF recorded a net inflow of $74 million in a single day.
According to global crypto data research firm Alternative, the Crypto Fear and Greed Index recorded 24 points today, indicating an 'extreme fear' level. The closer the index is to 0, the greater the extreme fear; the closer to 100, the greater the extreme optimism.
At the same time, Ethereum was trading at around $3,416, down 4.76% from the previous day. Ripple was trading at approximately $2.38, up 6.10%.

yimsh0214@fnnews.com Im Sang-hyuk Reporter