On September 14, Bitcoin and leading altcoins are displaying negative Kimchi premiums, reflected in their price changes across various cryptocurrency exchanges.
Cryptocurrency Prices on September 14
On the South Korean exchange Upbit, the price of Bitcoin (BTC) was 160.05 million KRW, down 0.65% from the previous day. On Binance, the price was slightly higher at 161.28 million KRW.
Comparison with Global Prices
This price gap amounted to -1.23 million KRW, resulting in a negative Kimchi premium of -0.76%. Ethereum (ETH) is also showing a negative Kimchi premium of -0.91%.
Overall Market Situation
Other major altcoins are also trading at discounts: Solana (SOL) at -0.85%, Ripple (XRP) at -0.88%, Dogecoin (DOGE) at -0.83%, and Shiba Inu (SHIB) at -0.78%. Overall, most altcoins are demonstrating Kimchi premiums ranging from -0.7% to -0.9%.
Thus, on September 14, the majority of cryptocurrencies, including Bitcoin and leading altcoins, show negative Kimchi premiums, indicating market instability.
