[Market Briefing] Bitcoin Temporarily Recovers $118,000... Kimchi Premium at -1.52%
Minseung Kang
Summary
- Bitcoin (BTC) briefly recovered the $118,000 level.
- It rose 1.41% from the previous day and is being traded at ₩160,920,000 on Upbit.
- The Kimchi Premium for Bitcoin is -1.52%, indicating that domestic exchanges are pricing it lower than the global market.
Bitcoin (BTC) temporarily recovered the $118,000 level.
As of 19:48 on the 26th, Bitcoin is trading at $117,972 in the Binance USDT market (₩160,920,000 on Upbit). This is a 1.41% increase compared to the previous day.
Meanwhile, according to Cryprice, the Kimchi Premium for Bitcoin recorded -1.52% today. This indicates that cryptocurrencies are being traded at lower prices on domestic exchanges than in the global market.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
