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[Market Update] Bitcoin (BTC) Hits All-Time High in KRW on Upbit

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Minseung Kang
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  • Bitcoin (BTC) has reportedly reached an all-time high in the KRW market on Upbit.
  • The optimistic outlook on U.S. virtual asset policies and inflows into spot ETFs significantly contributed to the price increase.
  • The Kimchi Premium for Bitcoin is reported to be 0.51%.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Bitcoin (BTC) has reached an all-time high in the KRW market on Upbit.

On the 16th, Bitcoin on the domestic virtual asset (cryptocurrency) exchange Upbit hit a record high of 153.21 million KRW. As of 11:56 PM on Upbit, Bitcoin is trading at 152.47 million KRW (105,516 USD on Binance).

On this day, Bitcoin recorded an intraday high of 106,648 USD, driven by optimistic prospects for U.S. virtual asset policies and increased inflows into spot ETFs.

Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) like Bitcoin (BTC) is at 0.51%.

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minriver@bloomingbit.ioBloomingbit reporter