Bitcoin is Trading Near $66,000 in South Korea as 'Kimchi Premium' Returns

Bitcoin is trading near $66,000 levels in South Korea as 'Kimchi Premium' has returned. From a report: Kimchi Premium is the spread between bitcoin's price on South Korean crypto exchanges and Western exchanges. Bitcoin is currently trading at around $66,200 on Bithumb, according to TradingView. That is whopping about 15% or $9,000 higher than bitcoin's price of around $57,000 on Coinbase. Ether (ETH) is also trading higher at around $2,350 on Bithumb compared to $2,020 on Coinbase, according to TradingView. The Kimchi Premium suggests rising demand for bitcoin and ether in South Korea as the cryptocurrency market continues to soar worldwide.

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