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Market Analysis The price of Bitcoin (BTC) is continuing to range between $56,000 and $60,000, as the so-called Kimchi premium is surging to yearly highs. Kimchi premium forms when Bitcoin is trading at a higher price in South Korea over other major markets like the United States. In 2017, the Kimchi premium surpassed 20%, causing Bitcoin to trade at around $24,000 in South Korea while it topped at nearly $20,000 in the U.S. Korea Premium Index. Source: CryptoQuant.com Last week, on March 29, this premium resurfaced, hovering at 6%, which has since climbed to around 11%. Kimchi premium is at 11%, is this bad for Bitcoin? The last time the Kimchi premium rose to an all-time high, the Bitcoin market topped and saw a violent correction almost immediately afterward. 

United statesSouth koreaSouth koreanYoung juCoinbase proஒன்றுபட்டது மாநிலங்களில்தெற்கு கொரியாதெற்கு கொரியன்இளம் ஜூ