Bitcoin Premium Reaches 3.02% in South Korea, Ethereum Follows Suit

On October 27th, Bitcoin experienced a notable surge in the Korean market, with a Kimchi Premium of 3.02% as it traded at 168.4 million KRW on Upbit exchange. This represents a 1.25% rise from the previous day and is significantly influenced by increased global demand for cryptocurrency assets. Meanwhile, Ethereum’s Kimchi Premium stood at 2.90%, showcasing similar trends across leading altcoins like Solana (2.86%), XRP (2.92%), Dogecoin (3.19%), and Shiba Inu (3.18%). Most notable cryptocurrencies are currently trading with a premium in the 2.8% to 3.1% range on October 27th.