The price of Bitcoin, the leading cryptocurrency, has continued to hit new record highs, surpassing the $97,000 mark on the 21st.
According to Investing.com, as of 2 PM that day, the price of one Bitcoin was trading at $97,200, up 5.5% from 24 hours earlier, marking an all-time high. At the same time, on the domestic cryptocurrency exchange Upbit, the price of one Bitcoin rose 2.8% from the previous day to 137 million KRW.
The price of Bitcoin has surged about 40% since the presidential election, driven by the effect of Donald Trump, who has positioned himself as a 'pro-cryptocurrency president-elect.' During his candidacy, Trump emphasized firing Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) known as the 'grim reaper of cryptocurrencies,' and making the United States the cryptocurrency capital.
The sharp rise in Bitcoin's price on this day appears to be influenced by foreign media reports that the Trump transition team is discussing with the cryptocurrency industry the possibility of establishing a dedicated cryptocurrency policy position at the White House. Bloomberg News reported that if a dedicated cryptocurrency position is created at the White House, it would demonstrate the influence the cryptocurrency industry could wield in the second Trump administration.
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