South Korea’s ‘Kimchi Premium’ Evaporates; Main Cryptos Tumble on Fed Minutes, Continued International Uncertainty

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In an interview with CoinDesk TV’s “First Mover” program, Scott Freeman, co-founder and accomplice of monetary providers agency JST Capital, advised the worldwide unrest was hurting bitcoin’s value, regardless of main buys over the previous 10 days by Terra’s Luna Basis and MicroStrategy (MSTR), which bought over $190 million within the crypto this week. “It is laborious to put a finger on the motion of bitcoin proper now,” Freeman stated. “On the finish of the day, we consider there are enterprise macro themes within the setting the place individuals are simply not seeking to put risk-on proper now. Individuals search for alternatives to promote and to revenue.”

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