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[Market] Bitcoin briefly recovers to $112,000… Kimchi premium 6.23%

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Minseung Kang
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  • Bitcoin (BTC) briefly recovered to the $112,000 level.
  • As of 19:36 on the 11th, the BTC price was reported to be $112,089, down 7.55% from the previous day.
  • Bitcoin's kimchi premium was 6.23%, meaning it is trading at a higher price on domestic exchanges than in the global market.
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  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Bitcoin (BTC) briefly recovered to the $112,000 level.

As of 19:36 on the 11th, BTC is trading on the Binance USDT market at $112,089, down 7.55% from the previous day (170,590,000 won on Upbit).

Meanwhile, according to crypto asset data platform CryPrice, Bitcoin's kimchi premium for the day was 6.23%. This means it is trading at a higher price on domestic exchanges than in the global market.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

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