Bitcoin Rebounds to $90,000 Level... Altcoin ETF Applications and French Banking News Boost Market [Crypto Briefing]

[Financial News] On the 8th, Bitcoin (BTC) climbed back to the $90,000 mark. Optimism over the potential launch of new Altcoin Exchange-Traded Funds (ETF) and news of a major French bank introducing cryptocurrency services had a positive impact on the broader market.
According to CoinMarketCap, BTC was trading at around $90,000 as of 10 a.m., up 1.03% over the past 24 hours. Over the past week, BTC has risen 3.81%.
In the Korean won market, BTC is trading at approximately 135 million won. According to the global cryptocurrency price comparison platform Cryprice, the Korea premium stands at 1.60%.
BTC maintained the $90,000 level from the 3rd to the 5th, but dropped below $80,000 starting on the 6th. This decline is attributed to some investors stepping back ahead of the Federal Open Market Committee (FOMC) meeting scheduled for the 9th to 10th (local time) by the Federal Reserve System (Fed).
However, renewed buying interest has lifted the overall market. Notably, Grayscale Investments’ application for ETFs covering Altcoins other than BTC and Ethereum has boosted investor sentiment.
Additionally, news that BPCE Group, France’s second-largest bank, will begin offering cryptocurrency services to its clients also contributed to the rise in digital assets. Until now, European banks have generally been considered relatively passive toward cryptocurrencies.
At the same time, Ethereum was trading at $3,064, up 0.62% from the previous day. Ripple was up 0.40%, trading at $2.04.

yimsh0214@fnnews.com Im Sang-hyuk Reporter