On October 8th, Bitcoin’s price in the South Korean market demonstrated a notable Kimchi premium of 1.62%. As per data from Upbit exchange at 12:00 AM KST, the cryptocurrency traded at 176.4 million KRW, a decrease of 0.64% compared to the previous day. On Binance, Bitcoin was priced at 173.59 million KRW, resulting in a price gap of 2.81 million KRW and a corresponding Kimchi Premium of 1.62%. Other prominent altcoins also exhibited significant premiums: Ethereum (ETH) saw a 1.66% premium, while Solana (SOL), XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) displayed premiums ranging from 1.56% to 1.96%, respectively. Most of these leading altcoins currently exhibit a premium between 1.3% and 1.9%.