Bitcoin Soars to Record-Breaking 98.9 Million Won: Will the US Presidential Election Spark a New All-Time High

[비즈니스포스트] Bitcoin price is rising from the 98.9 million won range.

Bitcoin price is predicted to hit an all-time high after the November 5 US presidential election.

▲ On the 29th, Cointelegraph cited a report from Bitfinex and stated that the price of Bitcoin may exceed the all-time high since the US presidential election. The image is a Bitcoin graphic image.

As of 4:22 p.m. on the 29th on virtual currency exchange BiThumb, Bitcoin is trading at 98,939,000 won per BTC (bitcoin unit), up 3.65% from 24 hours ago.

Today, most of the top 10 virtual currency market capitalization stocks traded on Bithumb are rising.

Ethereum was bought and sold at 3,641,000 won per 1 ETH (Ethereum unit), up 3.64%, and B&B was bought and sold at 842,500 won, up 2.18% per 1 BNB (B&B unit).

Tether (0.14%), Solana (2.00%), Ripple (1.53%), Dogecoin (13.93%), Tron (0.44%), and Ada (2.77%) are also trading higher than 24 hours ago.

On the other hand, USDCoin (-0.07%) is trading lower than 24 hours ago.

Also, Shentu (19.47%), iOS Networks (13.31%), Bitcoin SV (13.31%), GMX (12.37%), Alex (11.03%), and Brett (10.00%) showed big growth compared to 24 hours ago.

On this day, Cointelegraph, a virtual currency media outlet, cited a market report from virtual currency exchange Bitfinex and reported that Bitcoin could record a new high after the US presidential election.

Bitfinex reported on the 28th (local time) that Bitcoin is trending upward toward its peak price due to the possibility of cryptocurrency-friendly former President Donald Trump winning the US presidential election, and it analyzed that in November

Accordingly, Bitfinex predicted that Bitcoin could breach its all-time high of $73,800 (about 102.26 million won) in the US market after the US presidential election. Reporter Cho Seung-ri