The premium rate of bitcoin in South Korea is back above 2%. According to Cryptoquant.com data, after briefly falling below the global average price in South Korea on April 9, bitcoin has resumed premium trading in the past ten days, reaching a peak of 2.97% on April 15.
As of 7 p.m. on April 19, the global average bitcoin price was $85,246, while major South Korean exchanges Upbit and Bithumb were quoted 1.65% and 1.73% higher than the global average, respectively. Historically, this usually indicates continued inflows of funds and a broader market rally.
At the same time, the Cryptoquant.com Coinbase Premium Index is currently showing a discount status, indicating relatively weak demand from U.S. traders. Since the U.S. dollar and the Korean won are bitcoin's main fiat currency channels, their opposing price signals have a significant impact on global price discovery. When the two hubs diverge, the tension between the discount and premium shapes bitcoin's overall movement, rather than directly offsetting bullish or bearish signals.
South Korea's bitcoin premium rate returns to above 2% level
2025-04-20 04:08:32
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