Bitcoin’s Premium Soars to 4.16% in South Korea on November 3rd

On November 3rd, Bitcoin saw a significant price jump, reaching an all-time high of 164.36 million KRW on South Korea’s Upbit exchange, marking a 0.22% increase from the previous day. As per data collected at 12:00 AM KST, Bitcoin on Binance stood at 157.80 million KRW, reflecting a price gap of 6.56 million KRW and a corresponding Kimchi Premium of 4.16%. This is not an anomaly; Ethereum (ETH) also enjoyed a notable premium of 4.19%, with other major altcoins displaying similar trends. Solana (SOL), XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) all registered premiums between 4.1% to 4.4%.