Bitcoin, which had been stagnant, has set a new all-time high, approaching $95,000.
As of 9:00 AM on the 21st, Bitcoin recorded 133.35 million won on Upbit, a domestic virtual asset exchange. It is being traded at 133.2 million won on Bithumb. CoinMarketCap, a virtual asset market relay site, showed $94,297.
At the same time, Ethereum, the second largest market cap, recorded 4.33 million won on Upbit and 4.33 million won on Bithumb. It was traded at $3,068 on CoinMarketCap.
On this day, Bitcoin once rose to $94,900, breaking the previous record high of $94,076 in one day. Bitcoin showed a sharp rise after Trump's victory in the US presidential election on the 5th. The price, which was $70,000 per coin, is currently over $90,000 and is looking at $100,000. Although it has recently slowed down due to profit-taking sales due to the overheated 'Trump Rally', the upward trend is continuing.
Major foreign media outlets have noted that Bitcoin is rising even amid heightened geopolitical tensions, including concerns over Russian President Vladimir Putin's use of nuclear weapons. Bitcoin has shown a downward trend in the past when geopolitical concerns, such as the Russia-Ukraine war, have heightened, due to the market's risk aversion sentiment.
The American economic media outlet CNBC reported that “many investors currently perceive virtual assets as a ‘non-confiscatable’ long-term hedge against geopolitical uncertainty, like gold,” and that “Bitcoin has previously attracted investors’ attention as a ‘safe asset.’”
