Bitcoin Falls Below $73,000; Kimchi Premium at 1.34%
JOON HYOUNG LEE
Summary
- Bitcoin fell below $73,000 as the token extended its decline.
- Bitcoin traded at $72,832.83, down 1.49% from a day earlier and 9.28% from a week earlier.
- The kimchi premium, which tracks the gap between prices on South Korean and overseas exchanges, stood at 1.34%.
Forecast Trend Report by Period
Bitcoin fell below $73,000 as its decline continued.
According to CoinMarketCap, Bitcoin was trading at $72,832.83 as of 8:50 p.m. in Korea on November 12, down 1.49% from a day earlier. The price was also 9.28% lower than a week earlier.
The kimchi premium stayed in the 1% range. Cryprice data showed the premium at 1.34% as of 8:50 p.m. in Korea on November 12.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul