Bitcoin Exhibits 1.72% Kimchi Premium in Korean Market on December 26
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Bitcoin Price Fluctuation: As of December 26, Bitcoin (BTC) was trading at 129.11 million KRW on South Korea's Upbit exchange, down 0.11% from the previous day, indicating slight market weakness that could affect investor confidence.
- Global Price Discrepancy: On the global exchange Binance, BTC was priced at 126.92 million KRW, resulting in a price gap of 2.19 million KRW, which may attract arbitrage traders to exploit this difference.
- Premiums on Other Major Altcoins: Ethereum (ETH) recorded a kimchi premium of 1.78%, while other major altcoins like Solana (SOL) and XRP showed premiums of 1.92% and 1.84% respectively, indicating strong demand for these assets in the Korean market.
- Overall Market Trend: Overall, major altcoins are trading at a premium range of 1.7% to 1.9% in the Korean market, reflecting sustained investor interest in cryptocurrencies, which could drive future market activity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
