Bitcoin Reaches All-Time High... Woori Technology Investment 'Surges'

Source
Korea Economic Daily

Summary

  • It was reported that Bitcoin's price has reached a record high.
  • It was stated that Woori Technology Investment shares, classified as cryptocurrency-related stocks, showed strong performance early in the session.
  • It was mentioned that Woori Technology Investment holds a stake in Upbit and is influenced by the rise in Bitcoin price.
Bitcoin and other virtual currency prices are displayed on the LED board at Bithumb Lounge Gangnam Main Branch, Seocho-gu, Seoul./Photo=HankyungDB
Bitcoin and other virtual currency prices are displayed on the LED board at Bithumb Lounge Gangnam Main Branch, Seocho-gu, Seoul./Photo=HankyungDB

The price of Bitcoin has hit an all-time high, and shares of Woori Technology Investment, classified as a cryptocurrency-related stock, are showing strong performance early in the trading session on the 10th.

As of 10 a.m. today, Woori Technology Investment is trading at ₩10,820, up ₩840 (8.42%) from the previous trading day. At one point during the session, the rise expanded to more than 15%. Woori Technology Investment holds a stake in Dunamu, which operates the domestic cryptocurrency exchange Upbit, thus being classified as a related stock.

This appears to be a result of Bitcoin's price reaching as high as $112,055 overnight, setting a new all-time high. This is the first time Bitcoin has surpassed the $112,000 mark, breaking the record for the first time in about a month and a half since May 22.

Jung Sam Go, Hankyung.com Reporter jsk@hankyung.com

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Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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