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XRP South Korea's Bitcoin reverse kimchi premium reaches-0.31%
On August 16, Bitcoin showed a reverse kimchi premium of-0.31% in the Korean market. As of 0:00 a.m. Korean Standard Time on August 16, the trading price of Bitcoin (BTC) on the Upbit Exchange in South Korea was 89.16 million won, up 0.04% from the previous day. On global exchanges, the quoted price of BTC is 89.43 million won, with a negative price difference of 270,000 won between the two, and the premium for reverse kimchi is-0.31%.
Mainstream altcoin Ethereum (ETH) recorded a reverse kimchi premium of-0.35%. Other major altcoins are also generally lower than global prices, including Solana (SOL) at-0.22%, Ripple (XRP) at-0.34%, Dogecoin (DOGE) at-0.30%, and Sui (SUI) at-0.35%. Currently, the reverse kimchi premium of most major altcoins remains within the range of-0.2% to-0.3%.
