The Korea Herald

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지나쌤

[Photo News] Bitcoin flies high

By Korea Herald

Published : Feb. 13, 2024 - 14:33

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A screen shows bitcoin trading at over 67 million won ($50,459) at local crypto exchange Bithumb's headquarters in southern Seoul, Tuesday. The price of bitcoin traded above $50,000 on Monday (US time) for the first time since December 2021, according to the US-based crypto exchange Coinbase. The sharp increase is assessed to have stemmed from a strong inflow of spot bitcoin exchange-traded funds that directly hold bitcoin. The Korean price of bitcoin stood at 67.1 million won as of 2 p.m., according to Bithumb. Bitcoin is usually traded at a higher price in Korea than the world’s average due to strong local demand. (Newsis)