On July 7, Bitcoin and Ethereum are showing different premiums on the South Korean cryptocurrency market, with a Kimchi premium for Bitcoin and stable pricing for Ethereum.
Bitcoin Prices
As of 1:00 AM KST on July 7, Bitcoin (BTC) was trading at 148.32 million KRW on South Korea's Upbit exchange, up 0.09% from the previous day. On global exchange Binance, BTC was priced at 148.30 million KRW, reflecting a price gap of 20,000 KRW and a Kimchi Premium of 0.02%.
Ethereum and Other Altcoins' Status
Ethereum (ETH) showed no premium, with a Kimchi Premium of 0.00%. Other major altcoins showed slight discounts or modest premiums: Solana (SOL) at -0.07%, XRP (XRP) at -0.16%, Dogecoin (DOGE) at -0.07%, and Shiba Inu (SHIB) at 0.07%. Most top altcoins are currently trading within a premium range of -0.1% to 0.1%.
Overall Market Situation
The South Korean cryptocurrency market shows slight price differences between local and global exchanges, partially attributed to supply and demand on the domestic market.
The cryptocurrency market in South Korea demonstrates minor price differences, reflecting current trends and investor interests.
