Bitcoin Surpasses $102,000… Reaches 150 Million Won on Upbit

Son Min

Summary

It was reported that Bitcoin surpassed $102,000 and broke through 150 million won on Upbit.
After the U.S. CPI announcement, expectations for a rate cut have revived investor sentiment in the risk asset market.
Trump's inauguration is expected to have a positive impact on the cryptocurrency market.

Bitcoin has surpassed $102,000. On Upbit, it has broken through 150 million won.

As of 5:34 PM, Bitcoin on the Binance USDT market recorded $102,076, up 2.69% from 24 hours ago. During the same period, it rose 2.86% on Upbit, reaching 150.87 million won.

The rise in Bitcoin is attributed to the announcement of the U.S. Consumer Price Index (CPI). The December CPI in the U.S. rose 2.9% year-on-year and 0.4% month-on-month, meeting Wall Street's expectations. As a result, expectations for a rate cut have revived, and investor sentiment in the risk asset market has recovered.

The upcoming inauguration of Trump on the 20th (local time) has also amplified market expectations. Previously, Bloomberg reported that President-elect Donald Trump would establish a cryptocurrency advisory committee immediately after taking office and prioritize cryptocurrency in policy.

BTC