Bitcoin Loses 0.16% on Kimchi Premium, While Ethereum Shows Negative Premiums

On August 22nd, Bitcoin prices saw a slight decline on South Korea’s Upbit exchange, dropping 0.38% compared to the previous day, while Binance showed a price point of 158.80 million KRW. This represents a price gap of -250,000 KRW with a Kimchi Premium reaching -0.16%. Ethereum (ETH) also reflects a negative Kimchi Premium at -0.14%, while other major altcoins are trading with discounts compared to global prices. Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) all exhibit negative Kimchi Premiums ranging from -0.29% to -0.39%. These discounts generally sit in the range of -0.1% to -0.3%, suggesting a prevailing trend across altcoin markets.