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

In an interview with CoinDesk TV’s “First Mover” program, Scott Freeman, co-founder and companion of economic companies agency JST Capital, instructed 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 exhausting to put a finger on the motion of bitcoin proper now,” Freeman mentioned. “On the finish of the day, we imagine there are enterprise macro themes within the surroundings the place persons are simply not trying to put risk-on proper now. Individuals search for alternatives to promote and to revenue.”