Bitcoin exceeded 70 million won for the first time in history

Bitcoin Rise (PG)
Bitcoin Rise (PG)

[박은주 제작] Photo composition/illustration

(Seoul = Yonhap News) Reporter Seong Seo-ho = On the morning of the 14th, the cryptocurrency bitcoin surpassed 70 million won each for the first time on a domestic exchange.

According to the cryptocurrency exchange Bithumb, as of 5:51 am on the day, 1 bitcoin is 7362,000 won.

At Bithumb, bitcoin rose to 7594,000 won at one time after surpassing 70 million won at 5:13 am.

On another exchange, Upbit, Bitcoin recorded 70 million won at 5:24 am, and it is trading at 7612,000 won as of this time. At one time, it rose to 7891,000 won.

At the same time, in Coinone and Cobit, Bitcoin was traded at a price of over 70 million won.

Unlike the stock market, cryptocurrency is traded on an exchange basis, so even if it is the same type, the transaction price is slightly different for each exchange.

Bitcoin also exceeded $60,000 in dollar terms for the first time ever on the 13th (local time).

Bitcoin prices rebounded again from the beginning of this month, which fell sharply in the aftermath of the negative evaluation of US Treasury Secretary Janet Yellen after recording $50,000 on the 16th of last month.

Bitcoin price rose in earnest after the US online payment company PayPal announced in October last year that it would allow cryptocurrency to be used as a payment method.

In addition, Tesla, a U.S. electric vehicle company, announced a policy to purchase bitcoin worth $1.5 billion (about 1.7 trillion won) last month and accept it as a payment method, which acted as a catalyst.

Jack Doshi, Twitter Chief Executive Officer (CEO), an avid supporter of cryptocurrency, also created a fund to support the development of bitcoin as an online currency with rapper Jay-Z.

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