Bitcoin’s 6.35 million dollar record high… Virtual asset uptrend resumes

[Source: Coin360]
[Source: Coin360]

[Digital Today Reporter Hyunwoo Choo] The virtual asset (cryptocurrency) market has risen again. Bitcoin, a leading virtual asset, surpassed $63,000 for the first time ever.

Based on Coin360 at 6:30 am on the 14th, Bitcoin (BTC) is trading at $63,048, up 5.05% from the previous day. Around 7 p.m. on the 13th, it rose to $63152, showing a sharp rise. Upbit, a domestic virtual asset exchange, is also trading at 8,082 million won, up 3.39% from the previous day.

Altcoin also showed an uptrend. Ethereum (ETH) recorded $2289, up 6.15% from the previous day. This is also a number that broke the record high. Binance Coin (BNB) fell 6.46% to $561, Ripple (XRP) soared more than 29% to $1.78, Cardano (ADA) soared 7.99% to $1.4, and Litecoin (LTC) rose more than 8% to $264. , Polkadot (DOT) also traded at $42, up 4.62%.

Most of the top 10 virtual assets market caps showed an increase of at least 5%.

The reason for the rise is the weak dollar, the continuing low interest rate situation, and the inflow of institutions and large investors due to the rise in the value of virtual assets.

In particular, the listing of Coinbase, the largest virtual asset exchange in the U.S. scheduled on the 14th (local time), has been a huge boon. Coinbase’s corporate value is estimated to be over $100 billion.

Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.