Bitcoin has been trading at a premium in South Korea since October 30, 2023, only to fall into negative territory on August 22, 2024. According to Cryptoquant.com, the price of BTC was around $60,500 per coin that day, climbing to $64,000 in two days. Although the price in South Korea was at one point 0.36% below the global average on August 22, the decline was short-lived.