Bitcoin Gold Surges 22% Intraday with 35% Kimchi Premium

Source
Uk Jin

Summary

  • Bitcoin Gold has reportedly surged significantly with a 35% Kimchi Premium on domestic exchanges.
  • The price increase of Bitcoin Gold in Korea shows a large discrepancy with the global market price.
  • Investors are advised to be cautious as this price difference could lead to significant losses.

It appears that individual investors have flocked to Bitcoin Gold (BTG), which has been confirmed for delisting on Upbit, the largest cryptocurrency exchange in Korea.

As of 5:36 PM on the 12th, Bitcoin Gold is trading at 26,220 KRW, up 21.95% compared to the opening (9 AM). The problem is that this price is 35% higher than the global market price.

In fact, according to CoinMarketCap, a global cryptocurrency data provider, the price of Bitcoin Gold at the same time was only 19,249 KRW.

Due to this price difference, purchasing this cryptocurrency at a higher price could lead to significant losses, so investors are advised to be cautious.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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