Bitcoin Reclaims $91,000 Level on NYSE Rally and Buying on Dips [Crypto Briefing]

[Financial News] On the 3rd, Bitcoin (BTC) reclaimed the $91,000 mark as investor sentiment improved following gains on the New York Stock Exchange (NYSE) and increased buying on dips.
According to CoinMarketCap, as of 10 a.m. today, BTC was trading at around $91,000, up 5.46% from the previous day (24-hour basis). Over the past week, BTC has risen by 4.84%.
In the Korean won market, BTC is trading at approximately 136 million KRW. According to Cryprice, a global digital asset price comparison platform, the Korea premium stands at 1.22%.
BTC fell to around $83,000 the previous day, but buying on dips helped it recover to the $90,000 range this morning. The rise in the NYSE, led by tech stocks on the 2nd (local time), is believed to have influenced the digital asset market. Expectations of a rate cut by the Federal Reserve System (Fed) this month also appear to have had a positive effect.
On the 2nd (local time), the Dow Jones Industrial Average (DJIA) closed at 47,474.46, up 185.13 points (0.39%) from the previous day. The S&P 500 Index (S&P 500) rose 16.74 points (0.25%) to finish at 6,829.37. The Nasdaq Stock Market (Nasdaq) ended at 23,413.67, up 137.75 points (0.59%).
Institutional funds have continued to flow in. According to CoinMarketCap, institutions were net buyers of Spot Bitcoin Exchange-Traded Fund (ETF) shares for five consecutive trading days (November 25 to December 1), purchasing a total of $231.86 million (approximately 340.36 billion KRW).
At the same time, Ethereum was trading at around $3,004, up 7.10% from the previous day. Ripple was up 6.31%, trading at approximately $2.15.

yimsh0214@fnnews.com Im Sang-hyuk Reporter