FX
Bitcoin (KRW)
The bitcoin price in Korean won on Upbit, tracking Korea's domestic crypto market.
At a glance
Bitcoin (KRW): latest value and prior change
As of 2026-08-04, Bitcoin (KRW) is 91,226,000 KRW. It is 846,000 KRW higher than 90,380,000 KRW on 2026-08-03.
Across 200 available observations from 2026-01-17 to 2026-08-04, the latest value is at the tie-adjusted 6th percentile.
- Observed on
- Default comparison window
- 2026-01-17–2026-08-04
- Observations · observed cadence
- 200 · Daily
- Data source
- Upbit
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
Bitcoin (KRW)
2026-01-17–2026-08-04
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
Bitcoin in won: Korea's domestic crypto price
The won price of bitcoin is what trades on Korean exchanges like Upbit. It stacks the USD/KRW rate on top of the global dollar price, then adds domestic supply and demand — which is why it drifts from global levels. It is the price Korean retail investors actually see and the reference for won-based allocation.
How the price is built
In theory the won price equals the dollar price times USD/KRW, but restricted arbitrage lets domestic flows attach a premium or discount. That gap is structural enough to be tracked as its own indicator — the kimchi premium.
- Decompose won-price gains into the coin's own move versus the FX move.
- When the won weakens, the won price rises even if the dollar price goes sideways.
- Domestic turnover rankings add a read on where retail speculative money sits.
The link to domestic sentiment
Korea has among the world's highest crypto participation rates, so the won price and its turnover work as a gauge of domestic retail risk appetite — with money visibly rotating between crypto and small-cap KOSDAQ themes.
- Surging crypto turnover often coincides with heated small-cap KOSDAQ theme trading.
- New won-price highs signal strongly engaged domestic risk appetite.
- Heavy domestic sell pressure in crashes shows the intensity of retail capitulation.
Uses and misreads
The won price alone mixes FX effects and the domestic premium, making global reads unreliable. Split it into the dollar price, the exchange rate, and the kimchi premium.
- Judge the global market in dollars; trade and track your position in won.
- Won prices outpacing dollar prices point to a widening kimchi premium — domestic overheating.
- Mistaking FX-driven won strength for coin strength is the most common error.