Bitcoin Records Negative Kimchi Premium of 0.52% on July 26

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Bitcoin Records Negative Kimchi Premium of 0.52% on July 26

As of 12:00 AM KST on July 26th, Bitcoin (BTC) was trading at 158.46 million KRW on Upbit, a prominent South Korean cryptocurrency exchange. This represents a 1.54% decrease compared to the previous day's trading price. On Binance, BTC was priced at 159.29 million KRW. The resulting price difference between the two exchanges was -830,000 KRW, leading to a Kimchi Premium of -0.52%.

Market data indicates that Ethereum (ETH), a leading altcoin, also exhibited a negative Kimchi Premium, registering at -0.53%. Several other major altcoins displayed similar discount rates: Solana (SOL) at -0.57%, XRP (XRP) at -0.42%, Dogecoin (DOGE) at -0.50%, and Shiba Inu (SHIB) at -0.46%. Currently, the majority of top altcoins are trading at discounts ranging from -0.4% to -0.5%.

IT Times YoungHa Kim (yhkim@ittimes.com)