[Market] Bitcoin briefly recovers to $123,000… Kimchi premium 2.48%

Source
Minseung Kang

Summary

  • Bitcoin (BTC) briefly recovered to the $123,000 level.
  • As of 21:13 on the 9th, BTC was trading on the Binance USDT market at $123,014, up 0.06% from the previous day.
  • Bitcoin's kimchi premium was 2.48%, indicating it is trading at a higher price on domestic exchanges than the global rate.

Bitcoin (BTC) briefly recovered to the $123,000 level.

As of 21:13 on the 9th, BTC was trading on the Binance USDT market at $123,014, up 0.06% from the previous day (about 178.98 million won domestically).

According to crypto asset data platform Cryprice, Bitcoin's kimchi premium was 2.48% that day. This indicates that it was trading at a relatively higher price on domestic exchanges than the global price.

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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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