Bitcoin Drops Below $90,000 to $88,000 Level... Caution Ahead of U.S. Economic Data Release [Crypto Briefing]

[Financial News] On the 15th, Bitcoin (BTC) was trading at the $88,000 level, falling below the $90,000 mark. This movement is attributed to a risk-off sentiment ahead of the release of major U.S. economic indicators scheduled for this week.
According to global digital asset information platform CoinMarketCap, as of 10 a.m., BTC was trading at around $88,000, down 1.96% over the past 24 hours. Over the past week, BTC has declined by 2.00%.
In the Korean won market, BTC was trading at approximately 132 million KRW. According to the global digital asset comparison platform Cryprice, the Korea premium stood at 1.10%.
The market is closely watching this week’s releases of the United States Nonfarm Payrolls Report (NFP), the Consumer Price Index (CPI), and the Retail Sales Index (RSI). Although last week’s final Federal Open Market Committee (FOMC) meeting of the year ended with a 0.25% basis point rate cut, the Federal Reserve System’s (Fed) intentions for next year remain unclear. As a result, more investors are waiting for this week’s data to gauge the direction of next year’s interest rates.
Jung Hae-chang, a researcher at Daishin Securities, stated, “Given that the recent FOMC was held with limited economic data, interpretations of the meeting and prospects for further rate cuts could change depending on the results of this week’s key economic indicators.”
The Crypto Fear and Greed Index, provided by CoinMarketCap, registered 24 on this day, indicating 'fear.' The index ranges from 0 to 100, with values closer to 0 signifying 'extreme fear' and those near 100 representing 'extreme greed.'
At the same time, Ethereum was trading at $3,076, down 1.35% from the previous day. Ripple was down 2.06%, trading at $1.98.

yimsh0214@fnnews.com Im Sang-hyuk Reporter