Bitcoin News on Nostr: Bitcoin Premium in South Korea Increases, Reflecting Strong Local DemandSouth ...

Bitcoin Premium in South Korea Increases, Reflecting Strong Local DemandSouth Korea’s Bitcoin Premium Rebounds After Hitting Recent LowRecently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data indicates that the premium in the country is rebounding. Metrics from cryptoquant.com reveal that after hitting a low of 0.62% on June 4, when global prices were almost identical, the premium climbed to 3.42% by June 6.Archived data from coinmarketcap.com on June 9, shows BTC traded globally at $69,288 per unit, while on Upbit it was priced 2.658% higher at $71,130 per BTC. Similar premiums are observed on Bithumb, Coinone, and Korbit. Ethereum (ETH) also shows a premium of 2.69%, with prices at $3,679 globally and $3,778 on Upbit and other platforms.