Bitcoin Shows -0.46% Reverse Kimchi Premium in Korean Market on April 2

As of 12:00 AM KST on April 2, Bitcoin (BTC) was trading at 103.89 million KRW on South Korea’s Upbit exchange, up 0.61% from the previous day. On global exchange Binance, BTC was priced at 104.38 million KRW, reflecting a negative price gap of 0.49 million KRW and a reverse kimchi premium of -0.46%.

Ethereum (ETH), the leading altcoin, recorded a -0.39% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.46%, XRP (XRP) at -0.41%, Dogecoin (DOGE) at -0.10%, and Sui (SUI) at -0.36%. Most top altcoins are currently trading with a reverse premium in the -0.1% to -0.4% range.

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IT Times Kunyoung Kim ([email protected])