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 3.21%. In South Korea, however, the resurgence of the local crypto scene and tightening regulations have led Bitcoin prices to surge to 77,661,000 won, or 69,300 dollars on Bithumb. Bitcoin’s current all-time high is $61,500 — which is nearly […]