[Market Update] Bitcoin temporarily falls below $118,000... Kimchi Premium at -1.67%
Minseung Kang
Summary
- It was reported that Bitcoin (BTC) temporarily fell below the $118,000 level.
- As of 11:30 p.m. on the 18th, Bitcoin is trading at $117,876 in the Binance USDT market.
- Bitcoin's Kimchi Premium recorded -1.67%, indicating it is traded at a lower price on Korean exchanges than on the global market.
Bitcoin (BTC) temporarily dropped below the $118,000 mark.
As of 11:30 p.m. on the 18th, Bitcoin is trading at $117,876 in the Binance USDT market (₩160,990,000 on Upbit).
Meanwhile, according to the cryptocurrency data platform Cryprice, Bitcoin's Kimchi Premium was recorded at -1.67% on this day. This means the price in Korean exchanges is lower than in 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)
