Bitcoin Shows Negative Kimchi Premium of 0.76% on September 14

As of 12:00 AM KST on September 14, Bitcoin (BTC) was trading at 160.05 million KRW on South Korea’s cryptocurrency exchange Upbit, marking a 0.65% decline from the previous day. On Binance, the price stood slightly higher at 161.28 million KRW. This results in a price gap of -1.23 million KRW and a Kimchi Premium of -0.76%.

Ethereum (ETH), the leading altcoin, is also reflecting a negative Kimchi Premium of -0.91%. Other major altcoins are trading at similar discounts compared to global prices: Solana (SOL) at -0.85%, Ripple (XRP) at -0.88%, Dogecoin (DOGE) at -0.83%, and Shiba Inu (SHIB) at -0.78%. Overall, most altcoins are showing Kimchi Premiums in the range of -0.7% to -0.9%.

Join Our Telegram Channel for Breaking News

IT Times YoungHa Kim (yhkim@ittimes.com)