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‘Kimchi Premium’ Goes Negative as Bitcoin Hits Record High, Suggesting Tepid South Korean Interest

‘Kimchi Premium’ Goes Negative as Bitcoin Hits Record High, Suggesting Tepid South Korean Interest

SEOUL, Nov. 13 (Korea Bizwire) – As Bitcoin reaches unprecedented heights globally, an unusual phenomenon has emerged in South Korea: domestic trading prices have fallen below international rates, marking a rare reversal of the nation’s traditionally higher cryptocurrency valuations. According to data from CryptoQuant, a cryptocurrency analytics firm, the Bitcoin Kimchi Premium Index registered at -0.88% [...]