The price of Bitcoin in South Korea, where a 200% tariff is imposed on mainstream products, was down 0.17% from the same time the previous day to 121,286,000 won (about 12.38 million yen).
At the same time, the overseas Bitcoin price, based on CoinMarketCap, was down 2.15% from the same time the previous day to $82,068 (about 121
Bitcoin, which had rebounded to $84,000 the previous day, fell again that day, dropping to $79,986 at one point in the morning. It then recovered the losses and rose to $82,000.
The price of Bitcoin appears to have fallen despite the US PPI released the previous day falling short of market expectations, easing concerns about rising prices.
Last month's US PPI remained flat (0% increase) compared to the previous month, below market expectations (0.3% increase). The reason for the decline in Bitcoin prices is the rise in tariffs imposed by President Trump.
The previous day, President Trump posted on his social networking service (SNS) that, "In retaliation against the EU for imposing a 50% tariff on American whiskey, we are importing whiskey from the EU.
Trump threatened to impose a 200% tariff on all alcohol products. As the trade dispute intensifies with the tariff war initiated by Trump, economic uncertainty grows and the price of risk asset Bitcoin falls.
Bitcoin spot exchange-traded funds (ETFs) have seen a net inflow. On the 12th (local time), a total of $13.3 million (approximately 19.5 billion U.S. dollars) was invested in the Bitcoin spot ETF.
The total amount of funds flowed in was 75.57 million yen.
2025/03/14 14:08 KST
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