Bitcoin and Altcoins Trade at Over 1.2% Premium in South Korea on June 4

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Bitcoin exhibited a Kimchi Premium of 1.24% in South Korea on June 4th.

As of 12:00 AM KST on June 4th, Bitcoin (BTC) was trading at ₩148.85 million on South Korea's Upbit exchange, reflecting a 0.52% increase from the previous day. On the global exchange Binance, BTC was priced at ₩147.03 million. This price discrepancy resulted in a difference of ₩1.82 million, translating to a Kimchi Premium of 1.24%.

Ethereum (ETH), the leading altcoin, also traded with a Kimchi Premium, measured at 1.30%. Several other prominent altcoins demonstrated similar premiums: Solana (SOL) at 1.34%, XRP (XRP) at 1.27%, Dogecoin (DOGE) at 1.41%, and Shiba Inu (SHIB) at 1.29%. The majority of top altcoins are currently experiencing premiums within the range of 1.2% to 1.4%.