Bitcoin records -1.02% reverse kimchi premium in South Korea on July 22. As of 12:00 AM KST on July 22, Bitcoin (BTC) was trading at 97.61 million KRW on South Korea's Upbit exchange, up 2.48
As of 12:00 AM KST on July 22, Bitcoin (BTC) was trading at 97.61 million KRW on South Korea's Upbit exchange, up 2.48% from the previous day. On global exchange Binance, BTC was priced at 98.61 million KRW, reflecting a negative price gap of 1.00 million KRW and a reverse kimchi premium of -1.02%.
Ethereum (ETH), the leading altcoin, recorded a -0.98% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.98%, XRP (XRP) at -1.10%, Dogecoin (DOGE) at -1.07%, and Sui (SUI) at -1.13%. Most major altcoins are currently trading with a reverse kimchi premium in the -0.9% to -1.1% range.
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IT Times Kunyoung Kim ([email protected])
