Bitcoin rebounds to the $64,000 level as bargain hunters step in [Crypto Briefing]

[Financial News] Bitcoin rose to the $64,000 level on the 23rd as bargain buying came in.
According to global digital asset information platform CoinMarketCap, Bitcoin was trading around $64,000 as of 10:10 a.m., up 0.34% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 3.23%.
Bitcoin is trading around 96 million won in the Korean won market. Based on global digital asset market comparison platform Cryprice, the Korea premium stood at -1.79%.
Bitcoin fell to the $62,000 level on the 19th as the likelihood of further benchmark rate hikes by the U.S. Federal Reserve System (Fed) increased this year. It then gradually recovered as bargain buying came in, briefly rising to the $65,000 level earlier in the day.
Institutional funds also turned to net inflows recently. According to CoinMarketCap, institutions posted net sales of Bitcoin ETFs on the 17th and 18th, but turned to net buying on the 22nd.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 22 on the day, indicating "fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and values closer to 100 as "extreme greed."
At the same time, Ethereum was trading around $1,731, up 0.31% from the previous day. Ripple was trading around $1.13, down 0.77%.

yimsh0214@fnnews.com Im Sang-hyeok Reporter