Bitcoin Shows -0.46% Reverse Kimchi Premium in Korean Market on April 7

By IT Times
about 4 hours ago
DOGE BTC APRIL DOGE SUI
Bitcoin shows -0.46% reverse kimchi premium in Korean market on April 7.

As of 12:00 AM KST on April 7, Bitcoin (BTC) was trading at 104.72 million KRW on South Korea’s Upbit exchange, up 0.42% from the previous day. On global exchange Binance, BTC was priced at 105.20 million KRW, reflecting a negative price gap of 0.48 million KRW and a reverse kimchi premium of -0.46%.

Ethereum (ETH), the leading altcoin, recorded a -0.52% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.56%, XRP (XRP) at -0.52%, Dogecoin (DOGE) at -0.16%, and Sui (SUI) at -0.47%. Most top altcoins are currently trading with a reverse premium in the -0.1% to -0.5% range.

IT Times Kunyoung Kim ([email protected])

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