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![Bitcoin's “Kimchi Premium” Just Blew Up to the Highest Since 2018](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F01e2dafc624dfef6496f2ea3bbf11ecd89dc03c2-706x583.png&w=828&q=75)
Bitcoin's “Kimchi Premium” Just Blew Up to the Highest Since 2018
The so-called “Kimchi Premium,” the difference between Bitcoin’s price on South Korean exchanges versus the international price spiked to 23% before dropping to roughly 14% at the time of writing. This meant that BTC traded for almost $70K on Apr. 5 in South Korea, while the price was around $58K internationally. The 23% peak is…