Bitcoin had a rough Wednesday, starting the day above $ 62,000 but quickly slipping to a daily low of $ 60,541. The market turbulence didn’t stop there, as over $ 40 million in bitcoin long positions were wiped out. Across the broader crypto space, both long and short positions saw liquidations totaling …
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South Korea’s Bitcoin Premium Persists Amid Market Volatility
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $ 59,002 per unit, but in South Korea, the exchange rate hits $ 59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s …
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $ 54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $ 57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean …