✉news BusinessCrypto first seen 2 d ago, last 2 d ago, peak #34
Bitcoin Tops $85,000 as Kimchi Premium Hits 0.70%
Original: Bitcoin Tops $85,000; Kimchi Premium at 0.70%
Bitcoin has risen above $85,000, while South Korea's so-called kimchi premium — the gap between Korean and global exchange prices — stands at 0.70%, indicating domestic demand is only modestly above international levels. Market watchers track the premium as a gauge of Korean retail sentiment, and its low reading alongside the price milestone suggests the rally is being driven broadly rather than by a local buying surge.
Why now: Bitcoin crossing a major price threshold draws attention to whether the rally is broad-based, and the kimchi premium offers a snapshot of Korean investor appetite.
BitcoinSouth Koreakimchi premium
Evidence
- Bitcoin Tops $85,000; Kimchi Premium at 0.70% · bloomingbit
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