Market data reveals that several Bitcoin exchanges in South Korea trade Bitcoin at over $10,000.
The region’s major exchange by trade volume Bithumb trades Bitcoin at approximately $10,052. On Coinone and Korbit exchanges, the digital currency costs around 10,979,500 KRW, which is equivalent to $10,108 and 10,960,500 KRW or $10,047.
On the contrary, most of the Bitcoin exchanges in the world are seeing prices between $9,500 to $9,700 according to data reports. Some Bitcoin Price Index (BPI) as of press time is approximately $9,624.90 which means a close to $300 growth since the day’s open.
The clamber over the $10,000 level on Korean exchanges could provoke speculations that markets worldwide could surpass this threshold. Bitcoin has recorded significant price gains already in the last couple of days as it smashes the $9,000 level over the weekend to reach a new all-time high.
The yields of the Bitcoin price surge as well as with other digital currency pushed the overall market capitalization overreach $300 billion for the first time.