Bitcoin Shows -1.44% Reverse Kimchi Premium in Korean Market on July 9

Bitcoin shows -1.44% reverse kimchi premium in Korean market on July 9.

As of 12:00 AM KST on July 9, Bitcoin (BTC) was trading at 92.51 million KRW on South Korea’s Upbit exchange, down 2.55% from the previous day. On global exchange Binance, BTC was priced at 93.86 million KRW, reflecting a negative price gap of 1.35 million KRW and a reverse kimchi premium of -1.44%.

Ethereum (ETH), the leading altcoin, recorded a -1.51% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.46%, XRP (XRP) at -1.38%, Dogecoin (DOGE) at -1.85%, and Sui (SUI) at -1.47%. Most major altcoins are currently trading with a reverse premium in the -1.4% to -1.8% range.

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IT Times Kunyoung Kim ([email protected])