[Bitcoin Now] Bitcoin Maintains 20 Million KRW Range... How High Will It Go?

[Asia Economy Reporter Ji-hwan Park] Bitcoin, the number one cryptocurrency by market capitalization, is maintaining its price in the 20 million KRW range in the domestic market. After rising back to the 20 million KRW range for the first time in 2 years and 10 months, various analyses are emerging about how far the price might go.

According to the cryptocurrency exchange Bithumb on the 20th, as of 2:33 PM, Bitcoin was priced at 20,086,000 KRW, up 0.51% (104,000 KRW) compared to 24 hours earlier. A total of 87.3 billion KRW worth of Bitcoin was traded during the day.

Most other cryptocurrencies are also on the rise. Ethereum (1.61%), Ripple (0.36%), Bitcoin Cash (1.84%), and EOS (0.78%) all increased.

Bitcoin prices are also strong in overseas markets. According to cryptocurrency market data provider CoinMarketCap, at the same time, Bitcoin was priced at $18,073.72, up 1.70% compared to 24 hours earlier. Bitcoin surpassed $16,000 on the 16th, $17,000 on the 17th, and $18,000 on the 18th.

Prices of other cryptocurrencies are also strong. Ethereum and Ripple rose by 1.80% and 2.37%, respectively. Litecoin (10.75%) and Tether (0.02%) also continued their upward trend.

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