Bitcoin rebounds slightly to $92,000 on bargain-hunting sentiment [Crypto Briefing]

According to Financial News, Bitcoin (BTC) rebounded slightly to the $92,000 level on the 19th. This uptick is attributed to bargain-hunting sentiment after BTC dipped below the $90,000 mark.
Global cryptocurrency data platform CoinMarketCap reported that as of 10:10 a.m. on the same day, BTC was trading at around $92,000, up 0.15% over the past 24 hours. Over the past week, BTC has declined by 10.57%.
In the Korean won market, BTC is trading at approximately 136 million won. According to the global crypto price comparison platform Cryprice, the Korea premium stands at 1.23%.
BTC fell below the $90,000 threshold for the first time in seven months since April, trading at around $89,000 the previous day. This drop was influenced by concerns over US-China tensions and diminished expectations for additional interest rate cuts within the year.
As BTC gave up all of its gains for the year, investors have started bargain hunting. Some even mention the possibility of a 'year-end rally.' Geoffrey Kendrick, head of digital asset research at Standard Chartered, stated, “The sharp sell-off in BTC may have ended. This recent plunge follows a pattern similar to previous ones and is likely to conclude soon.”
Altcoins are also rebounding alongside BTC. At the same time, Ethereum was trading at $3,089, up 1.62% from the previous day, while Ripple rose 2.35% to $2.20.


[email protected] Im Sang-hyuk Reporter