[Asia Economy Reporter Changhwan Lee] On the afternoon of the 8th, the price of Bitcoin slipped into the 45 million KRW range, trading at its lowest level in over two months.
As of 3:51 PM on the same day, the price of 1 Bitcoin on the cryptocurrency exchange Upbit was trading at 45.73 million KRW.
This is the lowest level in 2 months and 12 days since February 25.
The decline in Bitcoin prices is attributed to the recent drop in the New York stock market, which has been moving in tandem.
On the 6th (local time), the three major indices of the New York stock market closed lower due to concerns over inflation and interest rate hikes.
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