Data: The price of Bitcoin in South Korea has consistently been at a premium compared to the global market

ChainCatcher news, despite the recent turmoil in the cryptocurrency market, Bitcoin's price remains at a premium in South Korea. As of 4 PM Eastern Time, Bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate reaches $59,900, a premium of 1.52%.

This phenomenon has persisted since October 30, 2023, only dropping to negative values on August 22, 2024. According to Cryptoquant, on that day, the price of BTC was around $60,500, and it climbed to $64,000 within the next two days. Although on August 22, the price in South Korea briefly fell 0.36% below the global average, the decline was short-lived.

August has ended, and the trading premium for Bitcoin on the South Korean cryptocurrency exchange Upbit is 1.52%, with a price approximately $898 higher.