Bitcoin is Back: On Its Way to its Longest Winning Streak of 2021 as BTC Hovers Around $40k

Aggressive spot and derivatives buying is seen on FTX and Deribit, with spot margin systems now getting super popular, while the kimchi premium goes under 1%. The post Bitcoin is Back: On Its Way to its Longest Winning Streak of 2021 as BTC Hovers Around k first appeared on BitcoinExchangeGuide.

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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday.

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South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike

During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks.

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Bitcoin's Kimchi Premium Bubble: Inflation, Deflation and Consequences

Bitcoin often trades at a premium in South Korea; what happens when this bullish spread quickly dissipates?

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South Koreans Are Trading XRP & BTT More than BTC and Ether

Bitcoin kimchi premium is also taking a drop after surging to 22% as Upbit temporarily suspends fiat (KRW) deposits and withdrawals, and Bithumb sees an “increasing” inflow of BTC. The post South Koreans Are Trading XRP & BTT More than BTC and Ether first appeared on BitcoinExchangeGuide.

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South Korea: After Sending Bitcoin Price to $71k, Kimchi Premium Begins to Nosedive

The price of bitcoin (BTC) briefly touched $71,000 at 5:55 a. m. UTC on South Korea’s Upbit crypto exchange. However, things have started to cool down as the price of bitcoin (BTC) has failed to maintain its bullish push.

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Bitcoin Kimchi Premium Lowered by Sudden Sell Off

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Bitcoin Hits $71,000 in South Korea as “Kimchi Premium” Goes Through the Roof

The unprecedented South Korean FOMO has pushed Bitcoin above $70,000 on local exchanges

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Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.

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Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Premium” has signaled the end of the bull trend.

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Bitcoin’s “Kimchi Premium” Hits 15 Percent

The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent.

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What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Bitcoin is trading at nearly $66,000 in South Korea.

The post What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin? appeared first on CryptoSlate.

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Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?

Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?

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Bitcoin and Ether Kimchi Premium Picks Up as Bulls Reappear

As the price of Bitcoin continues to climb up, so does the popular Kimchi premium. As of writing, the price of Bitcoin is $59,063 on Binance and $59,087 on Coinbase Pro, but the highest price of BTC is on South Korean exchanges, which is up more than 5.

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South Korea's 'Kimchi premium' is back: Is the Bitcoin rally starting to heat up?

Demand for Bitcoin in South Korea is heating up as the country's BTC premium rises over 5%.

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Kimchi Spreads, ‘Rat Poison,’ Shape Shifts: What You Need to Know in Crypto Today

Bitcoin hit a fresh all-time high above $35,000 while former Bakkt CEO Kelly Loeffler lost her U.S. Senate seat.

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Bitcoin ‘Kimchi Premium’ Makes a Comeback As Euphoria Builds

South Koreans have also started to join in on the crypto rally.

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Kimchi Premium Spread on Bitcoin’s Price Disappears Once More As Trading Range Tightens

The Kimchi Premium has finally disappeared. The concept, in case you are not familiar with the term, is the “extra” that people pay for Bitcoin in South Korea. For reasons which are linked to demand, people in the country often pay more for Bitcoin than in the rest of the world. Recently, however, the spread […]

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Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges has disappeared after hitting 2019 highs.

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Kimchi premium returns as Asian traders stack Bitcoin

When South Korean investors piled into Bitcoin in late 2017, its price in Korean won soared even higher than the dollar, with Korean traders paying up to fifty percent more than westerners. With this 'kimchi premium', as it came to be known, returning to the market, what are the implications for Asian traders and for Bitcoin?

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Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

The spread between the price of bitcoin on South Korean and U.S. exchanges reached as high as $1,000 this weekend, a sign market inconsistencies are returning with price action.

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$300 Bitcoin Premium on Bitfinex as BTC Price Continues to Recover

Forget Korea’s Kimchi Premium, bitcoin is currently trading at a more than $300 of the market average on Bitfinex – the platform recently accused of covering losses of up to $850 million. Meanwhile, Tom Lee of Fundstrat says the lack of significant downtrend in the BTC price action since the Bitfinex news broke out isRead MoreRead More.

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Kimchi Premium Returns: Bullish Bitcoin Breakout Imminent?

It appears the “Kimchi Premium” is making an appearance once again in the South Korean bitcoin (BTC) market as the top-ranked cryptocurrency looks set for a bullish 2019. South Korean Market Premium Returns In a tweet published on April 9, 2019, CryptoHamster, a bitcoin analyst evidenced the appearance of elevated BTC prices in South KoreanRead MoreRead More.

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Bitcoin’s Key Indicator Flashing Bullish Again, Mirroring Pre-5K Breakout

The return of a previously well-known phenomenon to Bitcoin this week continues to excite traders as Bitcoin price pushes above $5250. Return Of The ‘Kimchi Premium’ Spotted online by social media traders, the so-called ‘Kimchi Premium’ – a surcharge on the Bitcoin price specifically impacting South Korean investors – is making a comeback on local cryptocurrency exchanges.

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Korean Bitcoin Now Cheaper Than World Prices

South Korea is known for a voracious crypto appetite, but the “Kimchi Premium” may now be turning into a discount.   Crypto prices on Korean exchanges are now slipping below the worldwide average, indicating that Korean markets might finally be cooling down.

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Bitcoin Price Analysis: BTC/USD Slow Down Below $4,000, Up 19 Percent

Latest Bitcoin News The truth is that South Korea is famous for cryptocurrency and the opportunities presented by digital assets are like no other. Not only are they global but they can be an escape for stagnating local economy and hopeless politics.

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Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets

The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks […] The post Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets appeared first on CryptoSlate.

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country.

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Bitcoin: Hyped Up Cultural Invasion of Merchandise

Crypto-Themed Kimchi Socks There’s a company called Kimchi Socks that has been creating quality cryptocurrency branded socks for quite some time now. The Kimchi manufacturers sell socks in a few crypto-flavors such as BTC, BCH, ETH, and Dogecoin.

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