Bitcoin shows -0.88% reverse kimchi premium in Korean market on July 12. As of 12:00 AM KST on July 12, Bitcoin (BTC) was trading at 95.88 million KRW on South Korea's Upbit exchange, up 0.17
As of 12:00 AM KST on July 12, Bitcoin (BTC) was trading at 95.88 million KRW on South Korea's Upbit exchange, up 0.17% from the previous day. On global exchange Binance, BTC was priced at 96.74 million KRW, reflecting a negative price gap of 860,000 KRW and a reverse kimchi premium of -0.88%.
Ethereum (ETH), the leading altcoin, recorded a -0.94% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.88%, XRP (XRP) at -0.92%, Dogecoin (DOGE) at -0.17%, and Sui (SUI) at -0.87%. Most major altcoins are currently trading with a reverse premium in the -0.1% to -0.9% range.
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IT Times Kunyoung Kim ([email protected])
