On the 12th, the bitcoin price is displayed on the display board at Upbit Lounge, a cryptocurrency exchange in Gangnam-gu, Seoul. Reporter Kim Beom-jun [email protected]
The’cryptocurrency (virtual currency) leader’ bitcoin price soared to 69 million won at once on the 13th, breaking the record high for two days in a row.
On the cryptocurrency exchange Bithumb, bitcoin was traded at 8:45 pm on the same day for 6914 million won. Compared to 24 hours ago, the price is up 5.83%. Throughout this day, it showed stable movement around 66 million won, and then it rose sharply after 7 pm.
Bitcoin fell more than 20% for a week immediately after hitting the highest price (65.80 million won) on the 22nd of last month, showing an adjustment market. However, Shingo broke the record by jumping up to 66.4 million won on the 12th while regaining the driving force of the uptrend. As the price jumped more on this day, it was able to exceed the 70 million won mark.
Another exchange, Upbit, showed a similar trend and traded at 8:45 pm on the same day at 6949 million won. This is a 4.33% increase from the previous day. Unlike the stock market, cryptocurrency prices vary slightly from country to country and from exchange to exchange.
Bitcoin has been strong since the Corona 19 incident, thanks to the rich liquidity (investment) in the market due to the’money release’ of each country. Even this year, famous companies such as BNY Melon, Black Rock, Mastercard, Tesla, Square, and MicroStrategy are heating up the market by revealing new businesses and investment plans related to cryptocurrency.
Reporter Lim Hyun-woo [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution