Seoul, South Korea – Bitcoin, the world's largest cryptocurrency, experienced a slight rebound on the last trading day of the year but ultimately settled back to around 137 million won.

According to Bithumb, a major South Korean cryptocurrency exchange, Bitcoin was trading at 137,850,000 won as of 8:30 AM on December 31st, representing a 1.06% increase from the previous day. Upbit, another major exchange, showed a 1.35% decrease to 137,850 won. CoinMarketCap reported a 0.93% decline to $92,534.

Ethereum, the second-largest cryptocurrency by market capitalization, recovered the 5 million won level. Bithumb reported a 1.73% increase to 5 million won, while Upbit showed a 0.02% decrease to the same price. CoinMarketCap indicated a 0.45% increase to $3,358.

The kimchi premium, which represents the price difference between Bitcoin in South Korea and the global market, decreased to 1.02% according to CryptoCompare.

Bitcoin had briefly surged to the 140 million won level overnight but quickly retreated. With low trading volume during the year-end period and a lack of clear momentum, investors are now looking towards the incoming Trump administration for more concrete cryptocurrency policies.

The U.S. stock market closed lower on December 30th due to year-end profit-taking, with the Dow Jones, S&P 500, and Nasdaq all falling by more than 1%.

Meanwhile, the Fear & Greed Index, compiled by Alternative, stood at 64, indicating "greed." This was slightly lower than the previous day's reading of 65. The index ranges from 0 to 100, with 0 indicating extreme fear and 100 indicating extreme greed.

[ⓒ Global Economic Times. 무단전재-재배포 금지]