On September 9, a small kimchi premium was recorded for Bitcoin and several altcoins in the Korean cryptocurrency market. This article presents key data on current prices and their comparison with global rates.
Bitcoin Prices on the Korean Market
As of 12:00 AM KST on September 9, Bitcoin (BTC) was trading on the Korean exchange Upbit at 156.5 million KRW, up 0.97% from the previous day. On the global exchange Binance, BTC was priced at 156.28 million KRW, resulting in a price gap of 220,000 KRW and a kimchi premium of 0.14%.
Kimchi Premiums of Altcoins
Ethereum (ETH), the leading altcoin, recorded a kimchi premium of 0.15%. Other major altcoins also displayed notable premiums: Solana (SOL) at 0.15%, XRP (XRP) at 0.14%, Dogecoin (DOGE) at 0.10%, and Shiba Inu (SHIB) at 0.42%. Most top altcoins are currently trading with a premium in the 0.1% to 0.4% range.
Market Situation Overview
The kimchi premium indicates an increase in interest in cryptocurrencies in the Korean market. These figures suggest that local market participants are actively responding to global price changes. Monitoring the situation's development will be useful for analyzing future trends.
Current data on the kimchi premium for Bitcoin and altcoins highlights the dynamism of the Korean cryptocurrency market. Investors continue to watch price changes, which could influence future trading strategies.
