[Market] Bitcoin temporarily recovers to $117,000... Kimchi premium at -1.31%

Minseung Kang

Summary

It is reported that Bitcoin (BTC) briefly recovered the $117,000 level.
Unlike global exchanges, Bitcoin prices on domestic exchanges are trading 1.31% lower.
With the Kimchi premium recorded at -1.31%, caution is advised for investors.

Bitcoin (BTC) temporarily recovered to the $117,000 level.

As of 17:48 on the 9th, Bitcoin is trading at $116,972 on the Binance USDT market (₩159,720,000 on Upbit). This is up 0.44% from the previous day.

According to the virtual asset data platform Cryprice, the Kimchi premium for Bitcoin was recorded at -1.31% on this day. This means that it is trading at a lower price on domestic exchanges compared to the global market.

BTC

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

[Market] Bitcoin temporarily recovers to $117,000... Kimchi premium at -1.31%

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