On October 31, Bitcoin experienced a notable surge in the South Korean market, with a Kimchi premium of 5.35%. As of 12:00 AM KST, BTC on Upbit was trading at 163.39 million KRW, marking a slight decrease of 0.74% compared to the previous day. Conversely, on Binance, Bitcoin’s price stood at 155.09 million KRW, resulting in an 8.3 million KRW price gap and leading to a Kimchi premium of 5.35%. Ethereum (ETH) experienced a similar phenomenon, recording a 5.34% Kimchi Premium. Other major altcoins also exhibited similar premiums: Solana (SOL) at 5.25%, XRP (XRP) at 5.31%, Dogecoin (DOGE) at 5.67%, and Shiba Inu (SHIB) at 5.31%. Most top-performing altcoins currently hold a Kimchi Premium within the range of 5.2% to 5.6%.