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Bitcoin Surpasses $110,000, Sets New All-Time High

JOON HYOUNG LEE

Summary

It was reported that Bitcoin's price surpassed $110,000 for the first time, setting a new all-time high.
Bitcoin, which hit an all-time high for the first time in four months since early this year, set a new record high again in just a few hours.
Bloomberg analyzed that the progress in U.S. stablecoin legislation and expectations for regulatory clarity are behind the rise in Bitcoin's price.

The price of Bitcoin (BTC) has surpassed $110,000.

According to CoinMarketCap, a virtual asset market tracking site, Bitcoin's price exceeded $110,000 at around 8:25 AM KST on the 22nd. This is the first time Bitcoin's price has surpassed $110,000.

Previously, on the 21st (local time), Bitcoin's price hit an all-time high for the first time in about four months since January this year. It set a new record high in just a few hours. Bloomberg reported that "Bitcoin briefly reached an all-time high," adding that "the progress in stablecoin legislation in the U.S. has increased expectations for regulatory clarity under the Trump administration."

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