The return of premium kimchi; Bitcoin hit a record of 72 thousand dollars in Korea!
According to the analysis company CryptoQua, Kimchi Premium Index increased from 5.19 on February 28 to 6.84 on March 5.
The increase coincided with bitcoin price hitting a new all-time high of $69,200 on March 5, attributed to coinued capital inflows io U.S. spot bitcoin ETFs.
Meanwhile, amid growing ierest in Bitcoin, South Korea's financial authorities are also reportedly considering the coury's acceptance of spot Bitcoin ETFs.
At the time of writing, Bitcoin is trading at 93,800,000 KRW or $70,000 on the Upbit exchange, compared to $67,000 on the global market.
