CandleFocus From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets
2024-11-25
Author: Content Editor
The crypto market has been highly active, with bitcoin reaching a new all-time high of $99,800 per coin, but subsequently dipping to $95,796. During this period, there has been a positive Coinbase premium, indicating strong buying interest from U.S. investors, while South Korea has seen a discount in BTC prices. This suggests contrasting attitudes, with U.S. investors driving demand and South Korean traders offloading their holdings or showing reduced interest. These regional dynamics can significantly impact the global crypto market during price discovery. As of the time of reporting, BTC was trading at $96,776 globally and $95,125 on South Korea's Upbit exchange, representing a 1.7% discount.
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