Bitcoin was trading at $76,221 as of 8 a.m. on the 29th, down 1.09% from a day earlier, according to global crypto market tracker CoinMarketCap.
Ethereum fell 0.39% to $2,285. Binance Coin (BNB), Solana and XRP also slipped 0.31%, 1.02% and 1.25% to $623, $83 and $1.37, respectively.
Analysts said rising geopolitical tensions in the Middle East and growing uncertainty in energy markets were adding downward pressure to crypto prices. As investors cut exposure to riskier assets, bitcoin and other major tokens have remained under pressure.
In South Korea, bitcoin traded at about 113.40 million won ($76,223) on the won-based exchange Bithumb as of 8 a.m., up 0.44% from the previous day. The so-called “kimchi premium” stood at 0.999%, indicating bitcoin was priced higher domestically than overseas.
* This article has been translated by AI.
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