[Market] Bitcoin temporarily gave up $111,000… Kimchi premium -6.63%

Minseung Kang

Summary

Bitcoin(BTC) reportedly temporarily gave up the $111,000 level.
As of 16:25 on the 11th, BTC was reported to be trading at $110,887 on the Binance USDT market.
Bitcoin's kimchi premium was -6.63%, indicating that domestic exchange prices are lower than global prices.

Bitcoin(BTC) temporarily gave up the $111,000 level.

As of 16:25 on the 11th, BTC is trading at $110,887 on the Binance USDT market (based on Upbit, ₩169,440,000).

According to the virtual asset data platform Cryprice, on the day Bitcoin's kimchi premium was calculated at -6.63%. This means that domestic exchanges are trading at prices lower than the global market price.

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