[Bitcoin Now] Bottomed Out and 'V' Shape?... Domestic 6.8 Million Won · Overseas 5,336 Dollars Level

[Asia Economy Reporter Ji-hwan Park] Bitcoin, the number one cryptocurrency by market capitalization, is showing an upward trend in the domestic market.

According to the cryptocurrency exchange Bithumb on the 19th, as of 4:35 PM, Bitcoin is trading at 6,795,000 KRW, up 1.90% (127,000 KRW) compared to 24 hours earlier. The trading volume for the day is approximately 87.6 billion KRW. Although the domestic stock market fell into a panic state rarely seen before, major cryptocurrencies including Bitcoin showed a slight upward trend.

On the same day, the KOSPI closed at 1,457.64, down 133.56 points (-8.39%) from the previous trading day. This is a devastating figure rarely seen even during the crises of 2001 and 2008. The KOSDAQ also plunged 56.79 points (-11.71%) to 428.35 compared to the previous trading day.

Most other cryptocurrencies also showed an upward trend. Ethereum (3.67%), Ripple (1.92%), Bitcoin SV (4.81%), and Bitcoin Cash (2.33%) all rose.

The overseas market situation is similar. According to CoinMarketCap, a cryptocurrency market data company, at the same time Bitcoin was recorded at $5,336.13, up 2.85% compared to 24 hours earlier. Other cryptocurrencies also showed gains. Ethereum (3.25%), Litecoin (3.78%), and Ripple (1.20%) increased.

Despite the recent stock market crash, Bitcoin has maintained relative stability. This is interpreted as meaning that a certain level of risk was already released during the earlier market downturn.

This content was produced with the assistance of AI translation services.