Bitcoin climbs to the $67,000 level as dip buyers step in [Crypto Briefing]

[Financial News] Bitcoin rose to around $67,000 on the 20th as dip-buying demand flowed in.
According to global crypto data platform CoinMarketCap, Bitcoin was trading around $67,000 as of 10:30 a.m. that day, up 0.76% over the previous 24 hours. Over the past week, Bitcoin has gained 1.38%.
In the won-denominated market, Bitcoin is trading around 99 million won. Based on data from global crypto price comparison platform Cryprice, the so-called Korea premium stands at 1.71%.
Bitcoin had fallen to around $65,000 the previous day, but has since rebounded slightly. Analysts attribute the move to differing interpretations of the minutes from last month’s Federal Open Market Committee (FOMC) meeting, which the Federal Reserve (Fed) released on the 18th local time.
According to the minutes, Fed governors and regional Federal Reserve Bank presidents generally agreed that interest rates should be kept on hold for the time being, although some argued that hikes were necessary. However, some board members appointed by President Trump were reportedly in favor of cutting rates.
Investor sentiment has improved slightly. The Crypto Fear and Greed Index provided by CoinMarketCap stood at 12 that day, still indicating "extreme fear" but up from 11 the previous day. The index ranges from 0 to 100, with readings near 0 signaling extreme fear and those near 100 indicating extreme greed.
At the same time, Ether (ETH) was trading around $1,954, down 0.40% from the previous day. Ripple (XRP) was changing hands at about $1.41, down 0.17%.


yimsh0214@fnnews.com Lim Sang-hyuk Reporter