On Wednesday, the value of Bitcoin soared past the $60,000 mark, reaching a 24-hour high of $61,389 by 10:45 a.m. (ET).

This surge in Bitcoin's value was met with significant interest in South Korea, where a noticeable premium was observed on local exchanges.

Specifically, trading platforms like Upbit and Bithumb listed Bitcoin prices that were $2,251 higher than the international rate.

This phenomenon highlighted South Korea's heightened demand and enthusiasm during a global bitcoin rally that engaged over 30 countries.