Bitcoin renewed the reported price again. The bitcoin price based on CoinDesk BPI on the 27th is set at $28352, and as of 10:00 am on the 28th, it is recording $26809.
Bitcoin price was below $23,000 until the morning of the 24th. However, from the afternoon, it suddenly started to rise rapidly and surged by 24.4% over the three days of the Christmas holiday. Since then, as profit-taking sales came out, it fell to around $26,000 each, but has since risen again.
As the bitcoin price has risen significantly, the domestic bitcoin price in terms of won has also changed the reported price (28885,000 won) recorded at the end of 2017. The bitcoin price based on Upbit, a cryptocurrency exchange, recorded 31.8 million won on the 27th.
At the end of 2017, a kind of asset bubble called’Kimchi Premium’ acted on the domestic bitcoin price, and trading was conducted at a level several ten percent higher than the global price. According to Cryptoquant’s K Premium Index, a cryptocurrency data company, the asset bubble of domestic bitcoin prices is about 1.5%.
Ethereum also reached its highest point since June 2016. On the 28th, the Ethereum price based on CoinDesk BPI is priced at $716.37 each and is fluctuating around $700.
Ethereum’s rise was not very high from the 24th ($568) to the 27th ($653), when bitcoin recorded the reported price, but after the bitcoin price was adjusted, it showed the potential to rise more than 10% in one day.
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