Bitcoin Drops to $91,000 as Profit-Taking Continues [Crypto Briefing]

[Financial News] Bitcoin (BTC) fell to the $91,000 level on the 8th as investors continued to take profits.
According to global digital asset information platform CoinMarketCap, BTC was trading at around $91,000 as of 10 a.m., down 1.54% over the past 24 hours. Over the past week, BTC has risen 4.15%.
In the Korean won market, BTC is trading at approximately 133 million won. According to the global digital asset price comparison platform Cryprice, the Korea premium stands at 0.38%.
BTC climbed to the $94,000 level on the 6th, but has declined for two consecutive days since then. After moving sideways at the end of last year, the market turned bullish earlier this year, prompting investors to realize profits.
Institutional investors have also shifted to selling. CoinMarketCap reported that institutions made net purchases of Bitcoin Spot Exchange-Traded Fund (ETF) shares for two consecutive trading days on the 2nd and 3rd, buying a total of $1.1685 billion. However, on the 6th, they recorded a net sale of $243.2 million.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 43 on this day, indicating 'neutral,' down slightly from 49 the previous day. The index ranges from 0 to 100, with values closer to 0 signifying 'extreme fear' and those closer to 100 indicating 'extreme greed.'
At the same time, Ethereum was trading at $3,168, down 2.82% from the previous day. Ripple (XRP) was down 5.33%, trading at $2.16.

yimsh0214@fnnews.com Im Sang-hyuk Reporter