Bitcoin shows -2.46% reverse kimchi premium in Korean market on July 4. As of 12:00 AM KST on July 4, Bitcoin (BTC) was trading at 93.65 million KRW on South Korea’s Upbit exchange, up 0.76%
As of 12:00 AM KST on July 4, Bitcoin (BTC) was trading at 93.65 million KRW on South Korea’s Upbit exchange, up 0.76% from the previous day. On global exchange Binance, BTC was priced at 96.01 million KRW, reflecting a negative price gap of 2.36 million KRW and a reverse kimchi premium of -2.46%.
Ethereum (ETH), the leading altcoin, recorded a -2.45% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.51%, XRP (XRP) at -2.45%, Dogecoin (DOGE) at -2.05%, and Sui (SUI) at -2.54%. Most major altcoins are currently trading with a reverse premium in the -2.0% to -2.5% range.
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IT Times Kunyoung Kim ([email protected])
