[Market Update] Bitcoin temporarily retreats from $115,000…Kimchi Premium at -0.62%
Minseung Kang
Summary
- Bitcoin (BTC) has reportedly temporarily retreated from the $115,000 mark.
- It was stated that Bitcoin is trading at $114,989 on the Binance USDT market, which is down 3.35% from the previous day.
- Bitcoin's Kimchi Premium stands at -0.62%, indicating that it is trading at a lower price on domestic exchanges compared to the global market.
Bitcoin (BTC) briefly retreated from the $115,000 mark.
As of 4:20 PM on the 1st, Bitcoin is trading at $114,989 on the Binance USDT market, down 3.35% from the previous day (₩160,470,000 on Upbit).
Meanwhile, according to cryptocurrency data platform Cryprice, Bitcoin's Kimchi Premium was recorded at -0.62% on this day. This indicates that Bitcoin 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.
