Bitcoin Sees Negative Kimchi Premium on September 4th

On September 4th, Bitcoin’s price exhibited a negative Kimchi premium of -0.14% as per data from South Korea’s Upbit exchange. As of 12:00 AM KST, BTC traded at 155.62 million KRW, representing a daily increase of 0.50%. On Binance, the price was slightly higher at 155.85 million KRW. This resulted in a price gap of -230,000 KRW and a Kimchi Premium of -0.14%. Meanwhile, Ethereum (ETH), as the leading altcoin, also displayed a negative Kimchi premium of -0.26%. Other major cryptocurrencies are experiencing similar discounts compared to their global counterparts: Solana (SOL) at -0.17%, Ripple (XRP) at -0.17%, and Dogecoin (DOGE) at -0.30%. Notably, Shiba Inu (SHIB) recorded a slight positive premium of +0.10%. Overall, the majority of altcoins are showing Kimchi Premiums ranging from -0.3% to +0.1%.