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Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
9.6.2024
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below...
South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility
28.5.2024
This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having fallen below the 1% range, the premium on South Korean exchanges has now climbed to 2.23%....
South Korea’s Bitcoin Premium Narrows, Yet Remains Above Global Average
12.5.2024
Recent figures show that despite bitcoin’s downturn in price, premiums in South Korea have diminished yet remain around $1,800 to $2,000 higher than BTC’s weighted global average price. Further metrics reveal that the South Korean won still ranks as the second most traded fiat...
Investment Manager Shorts MicroStrategy, Calls Bitcoin Premium “Unjustifiable” — Is There Trouble Ahead?
28.3.2024
Analysts call MicroStrategy's Bitcoin premium "unjustifiable," asserting the stock is due for a 50% correction.
The post Investment Manager Shorts MicroStrategy, Calls Bitcoin Premium “Unjustifiable” — Is There Trouble Ahead? appeared first on Cryptonews
South Korea’s Bitcoin Premium Hits 2-Year High, Surpassing Global Rates by $4K
7.3.2024
The latest data reveals that the premium on bitcoin in South Korea has escalated to its highest level in more than two years. At 7:30 a.m. Eastern Time (ET) on Thursday, the weighted global average price for bitcoin hovers between $66,800 and $67,000, whereas on the South Korean exchange Upbit...
Bitcoin Premium Soars in South Korea, Trading $1,500 Above Global Norm
5.12.2023
Based on recent data, the surge of bitcoin beyond the $41,000 mark has triggered a significant increase in trading activity originating from South Korea. Alongside this heightened volume, bitcoin is currently commanding a $1,500 premium on major South Korean cryptocurrency exchanges, including...
Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion
7.6.2023
As of June 7, 2023, recent data reveals that the value of bitcoin (BTC) is experiencing a premium on the Binance US exchange. The statistics show that on the American crypto trading platform, BTC is trading almost $400 higher for those utilizing the BTC/USD pair. Binance US Witnesses Bitcoin...
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals
30.1.2023
The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000
Bitcoin, Tether, Ethereum Trade for Premiums in Ukraine, Hryvnia BTC Price $3K Higher Than Global Average
26.2.2022
After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for...
Grayscale Bitcoin premium rebounds as BTC price falls below $35K — What does it mean?
29.5.2021
A recent market outlook published by Glassnode shows institutions are returning to the Bitcoin market after May 19 crash
Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers
22.4.2021
The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas...
Grayscale's Bitcoin premium has dropped to record lows below zero
27.2.2021
Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows