Bitcoin Retakes US$80,000 as Choppy U.S. Demand Tests the Rally

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Domestic cryptocurrency-related stocks are showing an upward trend in early trading on the 4th. This is interpreted as investor sentiment in the domestic stock market being stimulated as Bitcoin surpassed the $80,000 mark. As of 9:21 AM on this day, WIZIT is trading at 1,485 won on the KOSDAQ market, up 231 won (18.42%) from the previous trading day. At the same time, Woori Technology Investment (11.21%) and Hanwha Investment & Securities (9.62%)

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Bitcoin stumbles below $80,000 despite the weak demand of American investors and the vagaries of trading fund flows, amid fears of raising US interest and a projected price ceiling of $83,000 to $86,000.

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As Bitcoin surpasses the $80,000 mark, virtual asset-related stocks in the domestic stock market are showing strong gains across the board in early trading. This is attributed to the surge in Bitcoin prices amidst a recovery in investor sentiment toward risky assets, driven by the heightened possibility that the U.S. Federal Reserve (Fed) will keep interest rates unchanged. According to the Korea Exchange on the 4th, as of 10:31 AM, Woori Techn…