Data: Bitcoin has seen a slight premium of about 0.2% in the Japanese market
ChainCatcher news, according to CoinDesk, due to significant fluctuations in the yen, Bitcoin has seen a slight premium in the Japanese market. Earlier this month, the premium reached as high as 1.49%, the highest level since March 2020, indicating that traders are turning to alternative assets to hedge against yen volatility.
TradingView charts show that the trading price of the Bitcoin to Japanese yen (BTC/JPY) pair on Japan's leading cryptocurrency exchange bitFlyer is approximately 0.2% higher than the Bitcoin price quoted in USD on Coinbase.
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