Coin-Turk 19 minutes ago
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In South Korea, Bitcoin (BTC ($94,105.71)) 
$93,958 is trading at a premium of 8.24% compared to global markets, marking the highest level recorded in the past ten months. This increase coincides with renewed concerns over a global trade war following U.S. President Donald Trump’s announcement of heavy tariffs on Canada, Mexico, and China. The cryptocurrency market has seen liquidations totaling $2.2 billion in the last 24 hours, with South Korean investors driving up demand for Bitcoin and contributing significantly to the price premium.
What is Kimchi Premium?
The term “kimchi premium” refers to the phenomenon where Bitcoin is traded at higher prices on South Korean exchanges compared to global platforms. This situation arises due to South Korea’s capital controls, which restrict access for foreign investors. Local investors face the risk of penaltie…
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