[Market Update] Bitcoin briefly recovers $118,000… Kimchi Premium at -0.20%

Source
Minseung Kang

Summary

  • It was reported that Bitcoin briefly recovered the $118,000 level.
  • As of 14:27 on the 17th, Bitcoin was trading at $118,163 on the Binance USDT market, up 0.45% from the previous day.
  • Kimchi Premium was at -0.20%, indicating that domestic exchange prices were slightly lower than the global market rate.

Bitcoin (BTC) briefly recovered the $118,000 mark.

As of 14:27 on the 17th, BTC was trading at $118,163 on the Binance USDT market, up 0.45% from the previous day (₩163,880,000 on Upbit).

Meanwhile, according to cryptocurrency data platform Cryprice, Bitcoin's Kimchi Premium stood at -0.20% on the day. This indicates that domestic exchange prices are slightly lower than the global market rate.

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Minseung Kang

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