[Market Update] Bitcoin temporarily retreats to $119,000... Kimchi Premium at -2.64%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily traded below the $119,000 mark.
- BTC is trading at $118,851 in the Binance USDT market (₩161,020,000 on Upbit), according to reports.
- The Kimchi Premium is -2.64%, indicating that domestic exchange prices are lower than those in the global market.
Bitcoin (BTC) temporarily fell below the $119,000 level.
As of 17:33 on the 18th, BTC is trading at $118,851 in the Binance USDT market (₩161,020,000 on Upbit).
Meanwhile, according to the virtual asset data platform Cryprice, the Kimchi Premium for Bitcoin was recorded at -2.64% today. This means that it is being traded at a lower price on domestic exchanges compared to the global market.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
