On August 5, Bitcoin experienced a reverse kimchi premium of-0.41% in South Korea. As of midnight on August 5, Korean Standard Time, the trading price of Bitcoin on the Upbit Exchange in South Korea was 91.17 million won, up 0.87% from the previous day. On global exchanges, the price of Bitcoin is 91.54 million won, with a negative price difference of 370,000 won between the two, and the premium for reverse kimchi is-0.41%.
Mainstream altcoin Ethereum recorded a reverse kimchi premium of-0.39%. Other major altcoins also trade at discounted prices below global prices, with Solana at-0.51%, XRP at-0.45%, Dogecoin at-0.35% and Sui at-0.30%. Currently, the reverse kimchi premium of most mainstream altcoins is in the range of-0.3% to-0.5%.
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