Bitcoin Hits New All-Time High in Korean Won on Upbit

## Bitcoin Price Surge: New High in Korean Won Bitcoin has reached a new all-time high when priced in Korean Won on the Upbit exchange. The cryptocurrency is currently trading at ₩164.04 million, surpassing the previous record of ₩163,325,000 set on January 20th. This surge reflects strong local demand for Bitcoin in South Korea. ## Reverse Kimchi Premium Interestingly, a reverse "Kimchi Premium" of -1.65% is present between the Upbit and Binance BTC prices. This indicates that Bitcoin is currently trading slightly cheaper on Upbit compared to Binance, a reversal of the usual trend where Korean exchanges often see higher prices due to increased buying pressure. This might be because of various global macro economic factors, and is not necessarily a trend. ```