BTC Kimchi Premium Price Extends Record of 0% Volatility

IconCryptoNewsTerminal Staff11 Jun, 2024

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BTC Kimchi Premium Price Extends Record of 0% Volatility

BTC's kimchi premium in South Korea has dropped to 0%, the first time this has happened since June 2022. This indicates that the price of BTC is the same in both South Korea and the rest of the world. The kimchi premium is a measure of the difference between the price of BTC in South Korea and the price of BTC in the rest of the world. It is typically higher in South Korea due to increased demand for BTC in the country. However, the premium has been declining in recent months due to the global economic downturn. The decline in the kimchi premium is a sign that the South Korean BTC market is becoming more integrated with the global market. This is a positive development, as it will make it easier for South Korean investors to buy and sell BTC.

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