Bitcoin at 105.7 Million Won Amid Global Market Volatility; Altcoins Rise Together

[Financial News] Despite volatility in global stock markets and rising oil prices, Bitcoin has posted a modest gain while trading near the 100 million won level.
As of 7 p.m. on the 13th, Bitcoin was trading at 105,697,000 won on the cryptocurrency exchange Bithumb, up 3.33% from 24 hours earlier. It opened in the morning at around 103,014,000 won, 0.75% higher than the previous day, and then gradually extended its gains, with the upward momentum strengthening in the afternoon.
Major altcoins are also moving higher. Ethereum is up 3.19%, Solana is gaining 4.46%, and Ripple is up 4.07%.
In dollar terms, Bitcoin has broken above the 72,000-dollar level and is trading at 72,013 dollars. The previous day, Iran’s new supreme leader Mojtaba Khamenei issued his first official statement, declaring an ultra-hard-line response against the United States and Israel, and international oil prices have climbed back above 100 dollars per barrel.
As tensions in the Middle East escalated, the U.S. stock market finished lower. The Dow Jones Industrial Average fell 1.56%, the Nasdaq Composite Index dropped 1.78%, and the S&P 500 Index declined 1.52%.
According to cryptocurrency market data platform Cryprice, Bitcoin’s Kimchi premium currently stands at minus 1.76%. A negative Kimchi premium means that Bitcoin traded on South Korean exchanges is cheaper than on overseas markets.
welcome@fnnews.com Jang Yu-ha Reporter