South Korea's Bitcoin "Kimchi Premium" rose to 9.7% this morning, hitting a 10-month high.
Internet reports that affected by Trump's tariff war concerns, South Korea's bitcoin "kimchi premium" soared to 9.7% at 2 a.m. on February 3, setting a 10-month high since April 2024. Min Jung, an analyst at Presto Research, said kimchi premiums usually rise during bull markets, but can also surge during panic selling because selling pressure on the Korean exchange is lower than global markets. As of press time, the kimchi premium has fallen back to 8.24%, compared with the historical average of about 5%.
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