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Bitcoin Briefly Drops Below $78,000 Amid Kimchi Premium Spike

Guavy AI Editorial Team
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Bitcoin's price briefly dipped below $78,000 on September 8. According to data from Binance's USDT market, Bitcoin was trading at $77,693, marking a 2.08% decline from the previous day.

The kimchi premium for major cryptocurrencies, including Bitcoin, stood at 1.48% as of September 8, according to Cryprice. The kimchi premium is a measure of the price difference between a cryptocurrency in South Korea and its global market value.

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