Bitcoin Touches $88,000, Rebounds to $92,000 [Crypto Briefing]

[Financial News] On the 20th, BTC fell to the $88,000 level in the morning before rebounding to $92,000. While institutions continued to sell, individual investors stepped in to buy at lower prices, which appears to have supported the price.
According to CoinMarketCap, as of 10 a.m. today, BTC was trading at around $92,000, down 0.07% over the past 24 hours. Over the past week, BTC has dropped 9.57%.
In the Korean won market, BTC is trading at approximately 137 million won. According to the global crypto market comparison platform Cryprice, the Korea premium stands at 1.66%.
BTC dropped to $88,000 at 5 a.m. today, likely due to a price decline following the release of the Federal Open Market Committee (FOMC) minutes in the United States on the 19th (local time). The minutes revealed that many participants believed it would be appropriate to keep interest rates unchanged through the end of the year, considering the economic outlook.
Selling pressure from institutional investors also contributed to the downward trend. Institutions recorded net selling for five consecutive trading days (November 12–18) in spot Bitcoin ETFs, offloading a total of $2.27672 billion (about 3.34 trillion won).
On the other hand, investor sentiment improved among some market participants, helping BTC hold the $90,000 level. This was partly due to positive momentum from the New York Stock Exchange (NYSE), as Nvidia Corporation, the world's largest company by market capitalization, reported record earnings. On the 19th (local time), all three major U.S. stock indices closed higher. The Dow Jones Industrial Average (DJIA) rose 0.10% to 46,138.77, the S&P 500 Index (S&P 500) climbed 0.38% to 6,642.16, and the Nasdaq Stock Market (Nasdaq) gained 0.59% to close at 22,564.23.
At the same time, Ethereum was trading at $3,031, down 2.03% from the previous day. Ripple was down 3.96%, trading at $2.11.

yimsh0214@fnnews.com Im Sang-hyuk Reporter