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[Market Update] Bitcoin briefly relinquishes $112,000… Kimchi premium at 0.88%

Source
Minseung Kang

Summary

  • It was reported that Bitcoin (BTC) briefly dropped below the $112,000 level.
  • As of 21:32 on the 22nd, BTC is trading at $111,825 on the Binance USDT market.
  • The kimchi premium for Bitcoin was recorded at 0.88%, showing that domestic exchange prices are slightly higher than global prices.

Bitcoin (BTC) briefly fell below the $112,000 mark.

As of 21:32 on the 22nd, BTC is trading at $111,825 on the Binance USDT market (₩156,810,000 on Upbit).

Meanwhile, according to the cryptocurrency data platform Cryprice, Bitcoin’s kimchi premium was recorded at 0.88% today. This indicates that BTC is trading at a slightly higher price on domestic exchanges compared to the global average.

Minseung Kang

Minseung Kang

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