BlockBeats News, April 20th - According to Bitcoin.com, during the recent market turmoil caused by Trump's tariff policy, Bitcoin experienced a brief negative premium of 1.19% on a South Korean exchange. However, it has since returned to normal premium trading and peaked at 2.97% on April 15th. As of yesterday, the Upbit KRW Bitcoin price was 1.65% higher than the global market average, while Bithumb was 1.73% above the global average.
In South Korea, due to a lack of domestic investment opportunities with high returns, South Koreans tend to invest in Bitcoin and other cryptocurrencies. The premium indicates the strong demand from Korean traders and their high confidence in the crypto market. The Bitcoin premium in Korea suggests tight supply on local exchanges, often signaling a broader price rebound. Many traders see the Korean premium as an early sign of Bitcoin's return to an uptrend.
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