Bitcoin Records Negative Kimchi Premium of 0.48% on July 30

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On July 30th, Bitcoin experienced a negative Kimchi Premium, registering at -0.48%.

As of 12:00 AM KST on July 30th, Bitcoin (BTC) was trading at ₩162.71 million on Upbit, South Korea's leading cryptocurrency exchange. This represents a 0.14% increase compared to the previous day. Simultaneously, on Binance, BTC was priced at ₩163.49 million. This price disparity resulted in a difference of -₩780,000, leading to the observed Kimchi Premium of -0.48%.

Market data indicates that Ethereum (ETH), a prominent altcoin, also exhibited a negative Kimchi Premium of -0.40%. Other significant altcoins displayed similar discount rates: Solana (SOL) at -0.33%, XRP (XRP) at -0.41%, Dogecoin (DOGE) at -0.39%, and Shiba Inu (SHIB) at -0.44%. The majority of top altcoins are currently trading at discounts within the range of -0.3% to -0.4%.