Bitcoin Skyrockets to $28K, Surging Over 37% Against US Dollar in One Week

Bitcoin's value has surged by 37.9% against the US dollar in the last week, reaching a high of $28,422 per unit on Sunday. The cryptocurrency's market capitalization has also increased to $546 billion. The global cryptocurrency market valuation has risen by 1.11% to $1.18 trillion, with bitcoin's dominance at 45.7% and ethereum's at 18.8%. Bitcoin's top ten trading pairs include Tether, BUSD, USD, KRW, EUR, JPY, USDC, TRY, GBP, and CHF. The surge in bitcoin's price has led to a small 'Kimchi premium' in South Korea, with bitcoin trading for $200 more per unit in the country than most crypto exchanges abroad.