South Korea's Bitcoin "Kimchi Premium" rose to 9.7% this morning, a 10-month high
Golden Finance reported that due to concerns about Trump's tariff war, South Korea's Bitcoin "Kimchi Premium" soared to 9.7% at 2 a.m. on February 3, hitting a 10-month high since April 2024. Min Jung, an analyst at Presto Research, said that the kimchi premium usually rises during bull markets, but it can also surge during panic selling, which is due to the lower selling pressure on Korean exchanges than in the global market. As of press time, the kimchi premium has fallen back to 8.24%, while the historical average is about 5%.
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