[Market Update] Bitcoin Temporarily Falls Below $118,000; Kimchi Premium at -0.90%
Minseung Kang
Summary
- It is reported that Bitcoin (BTC) temporarily gave up the key level of $118,000.
- Bitcoin is trading at $118,225 on the Binance USDT market (₩163,240,000 based on Upbit).
- Bitcoin’s Kimchi Premium stands at -0.90%, indicating domestic exchange prices are lower than the global market.
Bitcoin (BTC) briefly relinquished the $118,000 mark.
As of 23:12 on the 29th, Bitcoin is trading at $118,225 on the Binance USDT market (₩163,240,000 based on Upbit). This figure represents a 0.12% decrease compared to the previous day.
Meanwhile, according to Cryprice, the Kimchi Premium for Bitcoin was recorded at -0.90% on this day. This means Bitcoin is trading 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.
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