Bitcoin Fails to Rebound to $70,000, Falls to Around $67,000 [Crypto Briefing]

[The Financial News] Bitcoin fell to around the $67,000 level on the 27th.
According to global digital asset data platform CoinMarketCap, Bitcoin was trading at around $67,000 as of 10 a.m., down 1.66% over the past 24 hours. Over the past week, Bitcoin has slipped 0.01%.
In the Korean won market, Bitcoin is trading around 96 million won. Based on global digital asset market comparison platform Cryprice, the Korea premium stands at 0.61%.
Bitcoin had climbed to about $69,000 the previous day, supported by Circle’s solid earnings announcement, but it failed to break above the $70,000 mark. Since the 15th, Bitcoin has been moving sideways around the $60,000 range for roughly two weeks.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 16 on the day, unchanged from the previous session. The index ranges from 0 to 100, with values near 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
Institutional funds, however, continue to flow in. CoinMarketCap data shows that institutions recorded net purchases of Spot Bitcoin ETFs for two consecutive trading days from the 24th to the 25th, buying a total of $764.3 million worth.
At the same time, Ethereum was trading around $2,014, down 2.34% from the previous day. Ripple (XRP) was changing hands at about $1.40, a decline of 2.61%.

yimsh0214@fnnews.com Reporter Lim Sang-hyuk Reporter