Reported about 19 hours ago
Bitcoin's recent surge to nearly $99,000 is not indicative of a 'frothy' market despite popular belief, according to analysts. The 'Kimchi premium,' a price difference between Bitcoin prices in South Korea and other exchanges, currently hovers around 0%, suggesting a lack of speculative excess in the market. This contrasts with peaks in prior rallies, which saw premiums above 10%. Analysts argue there is still room for growth, bolstered by renewed interest in cryptocurrency amid favorable political conditions.
Source: YAHOO