Bitcoin Trades in the Low 56 Million KRW Range

[Asia Economy Reporter Lim Chunhan] On the morning of the 7th, the cryptocurrency Bitcoin was traded in the low 56 million KRW range on domestic exchanges.

According to the cryptocurrency exchange Bithumb, as of 9:10 AM, 1 Bitcoin was priced at 56,228,000 KRW.

Although it briefly dropped to 54,800,000 KRW in the early morning, the price slightly recovered afterward.

At the same time, on another exchange, Upbit, Bitcoin was traded at 56,451,000 KRW per coin.

On Upbit as well, Bitcoin fell to the 54 million KRW range before rising slightly again.

Unlike the stock market, cryptocurrency trading occurs on an exchange-by-exchange basis, so even the same type of cryptocurrency can have slightly different prices depending on the exchange.