[Asia Economy New York=Correspondent Baek Jong-min] The virtual currency Bitcoin price soared above $50,000, overcoming the spread of the Omicron variant infection and concerns over US interest rate hikes.
According to CoinMarketCap on the 23rd (local time), Bitcoin is trading at $51,000, up 4.2% compared to 24 hours ago. Ethereum is up 3.2%, trading at $40,135.
Bitcoin was hovering around the $48,000 level in the morning but sharply increased its upward momentum after noon. During the session, it even surged to $51,300.
Bitcoin had recently fallen to $45,000 amid a widespread risk-averse sentiment.
On the same day, Tesla CEO Elon Musk reiterated his support for Dogecoin, stating, "I prefer Dogecoin because Bitcoin only benefits the new rich."
Dogecoin is up 3.59%, trading at 18.17 cents.
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