Editor's PiCK
Bitcoin(BTC) defends 120 million won despite President Yoon's impeachment acceptance... Domestic market remains calm
Summary
- It was reported that Bitcoin maintained the 120 million won level and showed a stable trend despite the acceptance of President Yoon Seok-yeol's impeachment.
- It was stated that there was no sharp fluctuation in the domestic virtual asset market even after the impeachment announcement.
- The current Kimchi Premium is about 2.38%, showing a different aspect compared to last year's martial law declaration.
Bitcoin(BTC) is maintaining a relatively calm trend, defending the 120 million won (83,000 dollars on Binance) level despite concerns over U.S. tariff policies and the acceptance of President Yoon Seok-yeol's impeachment.
According to the domestic virtual asset (cryptocurrency) exchange Upbit, the price of Bitcoin is trading at 122,157,000 won as of 3:35 PM today, down 0.88% from the previous day. Even just before the Constitutional Court's impeachment acceptance decision, Bitcoin was trading around 123 million won.
Some expected increased volatility in the domestic virtual asset market following the impeachment result announcement, but in reality, it showed a stable trend without sharp price fluctuations. In December last year, during the declaration of martial law, Bitcoin plummeted more than 30% domestically, and the Kimchi Premium expanded to 32.4%.
According to Cryprice today, the Kimchi Premium for major virtual assets (cryptocurrencies) including Bitcoin(BTC) is about 2.38%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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