Bitcoin Trades Sideways Around $91,000 Despite Strong U.S. Stock Market [Crypto Briefing]

[Financial News] Bitcoin (BTC) was trading sideways around the $91,000 level on the 13th. This is seen as being due to a lack of clear bullish catalysts, despite all three major U.S. stock indexes closing higher on the New York market.
According to global cryptocurrency data platform CoinMarketCap, BTC was trading around $91,000 as of 10:10 a.m. that day, up 0.01% over the previous 24 hours. BTC has risen 2.62% over the past week.
In the KRW market, BTC is trading around 134 million won. Based on data from global crypto market comparison platform Cryprice, the so-called Korea premium stands at 0.57%.
BTC has held above the $90,000 mark since breaking through that level on the 3rd. This contrasts with the continued strong performance of the New York stock market. On the 12th (local time), the Standard & Poor's 500 Index (S&P 500) and the Dow Jones Industrial Average (DJIA) both set record highs for the second consecutive trading day, while the NASDAQ Composite Index (NASDAQ) also finished higher.
Brokerage analysts point to a lack of clear drivers other than some profit-taking. Hyeon Kyeong Yang, a researcher at iM Securities, said, “As profit-taking hit the cryptocurrency market, total market capitalization fell from $3.21 trillion to $3.09 trillion,” adding, “BTC is consolidating around the $90,000 level, taking a breather after its recent sharp rally.”
Institutional funds are also continuing to flow out. According to CoinMarketCap, institutions were net sellers of Bitcoin Spot Exchange-Traded Fund (Bitcoin Spot ETF) products for four consecutive trading days from the 6th to the 9th.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 41, unchanged from the previous day, indicating a neutral sentiment. The index ranges from 0 to 100, with values closer to 0 interpreted as extreme fear and those closer to 100 as extreme greed.
At the same time, Ethereum was trading around $3,108, down 0.49% from the previous day. Ripple (XRP) was trading around $2.05, down 0.24%.

yimsh0214@fnnews.com Sang-hyeok Im Reporter