Summary
- Bitcoin (BTC) has reportedly reached an all-time high in the KRW market on Upbit.
- The optimistic outlook on U.S. virtual asset policies and inflows into spot ETFs significantly contributed to the price increase.
- The Kimchi Premium for Bitcoin is reported to be 0.51%.
Bitcoin (BTC) has reached an all-time high in the KRW market on Upbit.
On the 16th, Bitcoin on the domestic virtual asset (cryptocurrency) exchange Upbit hit a record high of 153.21 million KRW. As of 11:56 PM on Upbit, Bitcoin is trading at 152.47 million KRW (105,516 USD on Binance).
On this day, Bitcoin recorded an intraday high of 106,648 USD, driven by optimistic prospects for U.S. virtual asset policies and increased inflows into spot ETFs.
Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) like Bitcoin (BTC) is at 0.51%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
