Bitcoin Sees 2.25% Kimchi Premium in South Korea on November 22

Bitcoin’s price on South Korean exchange Upbit saw a dip of 1.34% compared to the previous day, reaching KRW 128.16 million at 12:00 AM KST on November 22. This resulted in a kimchi premium of 2.25%, showing its price difference from global exchanges. Notably, Bitcoin’s price gap with Binance was 2.82 million KRW. Ethereum (ETH) boasted a 2.16% kimchi premium compared to the other altcoins. Solana (SOL), XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) also exhibited similar premiums, ranging between 2.1% and 3.0%. The majority of these top-ranking altcoins are currently trading at a price difference of 2.1% to 3.0% in their respective markets.