https://fullycrypto.com/did-kimchi-premium-drop-cause-bitcoin-dip?utm_source=rss&utm_medium=rss&utm_campaign=did-kimchi-premium-drop-cause-bitcoin-dip
Reading Time: 2 minutes Bitcoin’s drop yesterday has been attributed in part to a huge drop in the kimchi premium The premium fell 13% in a matter of hours, suggesting someone may have finally been able to arbitrage it A temporary halt in Bitcoin deposits and withdrawals may have also been behind the drop The kimchi premium was said to have been instrumental in a fall in the Bitcoin price yesterday, with suggestions that someone may have found a way to arbitrage the premium. There is an alternative explanation however which lays the blame at the foot of South Korean exchange Upbit who temporarily
The post Did Kimchi Premium Drop Cause Bitcoin Dip? appeared first on FullyCrypto.
Did Kimchi Premium Drop Cause Bitcoin Dip?
Published in Business and Uncategorized
More from BusinessMore posts in Business »
- Bitcoin Still Far From A True Supply Shock, Analyst Explains
- Dogecoin (DOGE) Fights to Stay Afloat — Major Hurdles Remain
- North Carolina Passes Bill To Integrate Bitcoin Into $127 Billion Pension Fund
- US Could Buy $100 Billion In Bitcoin This Year: Coinbase Exec
- XRP Price Needs $2.25 Flip — Bulls Prepping for Fresh Momentum
- Trader Joe’s has a delicious copycat of a Chipotle favorite
- Surprising earnings send Meta Platforms stock soaring
- Popular Tex-Mex chain’s newest cocktail has fans swooning
- Surprising Microsoft earnings sends stock surging
- Veteran fund manager reboots Palantir stock price target ahead of earnings
More from UncategorizedMore posts in Uncategorized »
- S&P 500 futures move lower after index posts longest win streak since November: Live updates
- GLP-1s can help employers lower medical costs in 2 years, new study finds
- Bitcoin Still Far From A True Supply Shock, Analyst Explains
- Dogecoin (DOGE) Fights to Stay Afloat — Major Hurdles Remain
- North Carolina Passes Bill To Integrate Bitcoin Into $127 Billion Pension Fund
- US Could Buy $100 Billion In Bitcoin This Year: Coinbase Exec
- XRP Price Needs $2.25 Flip — Bulls Prepping for Fresh Momentum
- Trader Joe’s has a delicious copycat of a Chipotle favorite
- Surprising earnings send Meta Platforms stock soaring
- Popular Tex-Mex chain’s newest cocktail has fans swooning
