Tether
Bitcoin Faces Short-Term Pressure Amid Rising Kimchi Premium and Trade War Fears
Bitcoin's Kimchi premium hits 10%, signaling short-term risks. The chance of BTC dropping to $75K doubles amid escalating trade tensions driven by Trump's tariffs. Meanwhile, XRP and Dogecoin plunge over 25% due to crypto liquidations exceeding $2.2B. Despite volatility, Tether reports a $13B profit in 2024, benefiting from rising Bitcoin and gold prices.
Published at 2025-05-31 16:05:35