Bitcoin reached its daytime peak of $122,208 on Wednesday, so South Korea's costs stay under the worldwide market charge.
Over $1,200 – Vitcoin costs differ as a Korean market
On the final day of July, Bitcoin costs in Korea have been lastly in keeping with world trade charges, ending the remaining low cost streak since July eighth. Within the first week of August, the market reversed to premium, however that quick grace didn't final.
Bitcoin.com Information lately reported on the nation's low cost part and the way the hole narrowed on the finish of July. The premium appeared on August 1, adopted by a flat day, then rose to 1.24% on August 5. The subsequent day, the market returned to neutrality and settled at a priced, modest 0.26% premium.
Bitcoin Korea Premium Index from cryptoquant.com.
By August seventh, cryptoquant.com knowledge confirmed Bitcoin buying and selling at a 0.58% low cost on Korean exchanges. On August tenth, the hole widened to 1.18% under the worldwide charge, deepening to 1.49% by August twelfth. Right this moment's offers nonetheless mirror reductions. Knowledge archived from 10:14am reveals $122,035 BTC on Coinmarketcap.com.
On the similar time, archived statistics present $120,826 per coin, whereas Bithumb and different Korean platforms present related WON-based reductions. Upbit, the nation's main trade, processed greater than $4 billion in crypto transactions on the final day, based on figures collected in the course of the report.
One issue prone to contribute to South Korea's Bitcoin reductions is President Trump's 25% tariffs on South Korean imports, which took impact on August 1, 2025. The transfer rattles the market, weakens the gained and encourage traders to brighten for a possible commerce battle fallout.
